POWER FAILURE: What Happened to GE? (with Malcolm Gladwell & William Cohan)
The Next Big Idea
Next Big Idea Club
4.4 • 1.3K Ratings
🗓️ 19 January 2023
⏱️ 55 minutes
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| 0:00.0 | Hey there, I'm Leah Smart, host of Inly Arena, where we explore the stories and ideas that |
| 0:06.7 | increase clarity in our lives so we can work and live in a better world. |
| 0:10.9 | Tune in to my weekly podcast, wherever you like to listen. |
| 0:16.4 | LinkedIn presents |
| 0:30.0 | the history of the 20th century, you know, if you make a list of the 10 most interesting |
| 0:34.6 | important, well, more than that, important people in American, American of the 20th century, |
| 0:39.6 | he's one of them. |
| 0:40.6 | Absolutely, right? |
| 0:41.6 | I mean, he is the paradigmatic business leader of the post-warrior in America. |
| 0:46.2 | And my problem is, I just don't like him, I can't stand him. |
| 0:51.5 | I'm Rufus Griskem and this is the next big idea. |
| 0:55.7 | Today, Jack Welch made GE, the world's most valuable company. |
| 1:00.9 | Then what happened? |
| 1:02.9 | 20 years ago, General Electric, GE, was arguably the most respected company in the world. |
| 1:26.2 | That was thanks, in large part, to its pugnacious chief executive, Jack Welch. |
| 1:31.9 | Now GE is frankly irrelevant. |
| 1:35.2 | How did that happen? |
| 1:36.5 | How did the fortunes of one of America's most iconic companies change so quickly? |
| 1:41.4 | Today on the show, we're going to find answers and to help return to two writers who have |
| 1:46.1 | followed the GE saga closely and written about it brilliantly, Bill Cohen and Malcolm |
| 1:51.7 | Gladwell. |
| 1:52.7 | But before we get to them, it helps to have a little backstory. |
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