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The Investors Podcast Interview With William Kohan
William Kohan is the author of a new book called Power Failure. He worked at GE Capital early on in his career and says he learned a lot about the company from that experience. The Investors Podcast will discuss whether or not there was any truth to Jack Welch's claim that General Electric had been bailed out by Wall Street after 1987 crash.
Trey talks to New York Times bestselling author William Cohan about GE's history, including founder Thomas Edison, Jack Welch's controversial career & successes, Warren Buffett's investment on GE, and much more!
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.
IN THIS EPISODE YOU’LL LEARN:
0:00 - Intro
07:31 - The origin story of GE, starting with founder Thomas Edison with backing from JP Morgan.
11:19 - Why Charlie Coffin might be the best CEO of all time.
23:54 - The dark side of Jack Welch and his career at GE, as well as the many successes.
56:37 - How Jeff could have saved the company by listening to Bill Gross and Jim Grant.
59:55 The debate on whether Jack handed his successor, Jeff Immelt, a “royal flush” or an open grenade.
63:49 - Warren Buffett’s bet on the company.
63:15 - Why the company has now been deconstructed into 3 separate entities.
67:18 - The many cycles that repeated over its 130 year history.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
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