General Electric Company (GE) is an American multinational conglomerate founded in 1892, and incorporated in New York state and headquartered in Boston.
The company operated in sectors including healthcare, aviation, power, renewable energy, digital industry, additive manufacturing and venture capital and finance, but has since divested from several areas, now primarily consisting of the first four segments.In 2020, GE ranked among the Fortune 500 as the 33rd largest firm in the United States by gross revenue. In 2011, GE ranked among the Fortune 20 as the 14th most profitable company, but later very severely underperformed the market (by about 75%) as its profitability collapsed. Two employees of GE – Irving Langmuir (1932) and Ivar Giaever (1973) – have been awarded the Nobel Prize.On November 9, 2021, the company announced it would demerge into three public companies: GE Aerospace, GE HealthCare and GE Vernova. The new companies will be focused on aerospace, healthcare, and energy (renewable energy, power, and digital). The first spin-off of GE HealthCare is planned for 2023, to be followed by the spin-off of the energy division GE Vernova in 2024. The remainder of GE will then be renamed as GE Aerospace and will be the legal sucessor of the original GE.
You do not have permission to view the full content of this post.
Log in or register now.