Brian Lehrer Weekend: Trump & Business; AI & Therapy; Weekend Plans

In 'Power Failure,' William D. Cohan provides a detailed history of General Electric's 130-year journey, from its founding to its current state. The book delves into GE's innovations, exponential growth through acquisitions and mergers, and its pioneering doctrine of shareholder value. Cohan also examines the leadership of iconic CEO Jack Welch and the vulnerabilities that were hidden beneath GE's successful facade. The narrative is enriched by rare interviews with key figures, including Jack Welch, and offers a cautionary tale about the hubris and avoidable mistakes that can afflict even the most iconic corporations.

This book provides a meticulous and gripping narrative of the events leading to the collapse of Bear Stearns, one of the oldest and largest investment banks. It exposes the excessive greed, corruption, and unethical practices within the firm, particularly the failure of its hedge funds loaded with subprime mortgages. The author, William D. Cohan, offers a comprehensive look at the power struggles among senior management, the lack of oversight, and the catastrophic consequences of their actions on the global financial system.