TIP527: The Epic Collapse of GE w/ William Cohan

<p>Trey talks to New York Times bestselling author William Cohan about GE's history, including founder Thomas Edison, Jack Welch's controversial career &amp; successes, Warren Buffett's investment on GE, and much more!</p><p>William Cohan's latest book, titled "Power Failure: The Rise and Fall of an American Icon," chronicles the incredible history of General Electric, which was often the largest and most esteemed company in the world over its 130-year existence.</p><p><br></p><p><strong>IN THIS EPISODE YOU’LL LEARN:</strong></p><p>0:00 - Intro</p><p>07:31 - The origin story of GE, starting with founder Thomas Edison with backing from JP Morgan.</p><p>11:19 - Why Charlie Coffin might be the best CEO of all time.</p><p>23:54 - The dark side of Jack Welch and his career at GE, as well as the many successes.</p><p>56:37 - How Jeff could have saved the company by listening to Bill Gross and Jim Grant.</p><p>59:55 The debate on whether Jack handed his successor, Jeff Immelt, a “royal flush” or an open grenade.&nbsp;</p><p>63:49 - Warren Buffett’s bet on the company.</p><p>63:15 - Why the company has now been deconstructed into 3 separate entities.</p><p>67:18 - The many cycles that repeated over its 130 year history.</p><p><br></p><p><em>Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.</em></p><p><br></p><p><strong>BOOKS AND RESOURCES</strong></p><ul><li>Visit William Cohan <a href="https://williamcohan.com/about/" rel="noopener noreferrer" target="_blank"><strong>website</strong></a>.</li><li>Check out Power Failure <a href="https://www.amazon.com/Power-Failure-Rise-Fall-American/dp/0593084160?&amp;linkCode=ll1&amp;tag=tipnetwork-20&amp;linkId=8983f4cece36fbe332cc5f510a3c8e77&amp;language=en_US&amp;ref_=as_li_ss_tl" rel="noopener noreferrer" target="_blank"><strong>book.</strong></a></li><li>Check out GE <a href="https://www.ge.com/" rel="noopener noreferrer" target="_blank"><strong>website</strong></a>.</li><li>Trey Lockerbie's<strong> </strong><a href="https