Power Failure by William D Cohan

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Power Failure by William D Cohan

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Power Failure by William D Cohan

NEW YORK TIMES BESTSELLER

The New Yorker Best Books of 2022 - Financial Times Best Books of 2022 - The Economist Best Books of 2022

The dramatic rise--and unimaginable fall--of America's most iconic corporation by New York Times bestselling author and pre-eminent financial journalist William D. Cohan

No company embodied American ingenuity, innovation, and industrial power more spectacularly and more consistently than the General Electric Company. GE once developed and manufactured many of the inventions we take for granted today, nearly everything from the lightbulb to the jet engine. GE also built a cult of financial and leadership success envied across the globe and became the world's most valuable and most admired company. But even at the height of its prestige and influence, cracks were forming in its formidable foundation.

In a masterful re-appraisal of a company that once claimed to bring good things to life, pre-eminent financial journalist William D. Cohan argues that the incredible story of GE's rise and fall is not only a paragon, but also a prism through which we can better understand American capitalism. Beginning with its founding, innovations, and exponential growth through acquisitions and mergers, Cohan plumbs the depths of GE's storied management culture, its pioneering doctrine of shareholder value, and its seemingly hidden blind spots, to reveal that GE wasn't immune from the hubris and avoidable mistakes suffered by many other corporations.

In Power Failure, Cohan punctures the myth of GE, exploring in a rich narrative how a once-great company wound up broken and in tatters--a cautionary tale for the ages.

COHAN is the bestselling author of The Last Tycoons, which won the 2007 FT/Goldman Sachs Business Book of the Year Award. He is a former top Wall Street investment banker. He writes for Vanity Fair, Fortune, ArtNews, The Financial Times, the Washington Post, and the Daily Beast, and is an online columnist for The New York Times. He's also a regular on CNN, Bloomberg TV, and CNBC, as well as a number of NPR broadcasts.

SKU Unavailable
ISBN 13 9780593084168
ISBN 10 0593084160
Title Power Failure
Author William D Cohan
Condition Unavailable
Binding Type Hardback
Publisher Penguin Putnam Inc
Year published 2022-11-15
Number of pages 816
Cover note Book picture is for illustrative purposes only, actual binding, cover or edition may vary.