" General Electric Company." Accessed Jan.
" GE Announces Third Quarter 2018 Results." " GE Plans to Reduce Quarterly Dividend in Conjunction with Revised Capital Allocation Framework." 1, 2008: GE Announces Common Stock Offering Warren Buffet Announces Investment in GE." " General Electric Agrees to Pay $200 Million Penalty for Disclosure Violations." " SEC Charges General Electric With Accounting Fraud." " General Electric Settles SEC Action for Disclosure Failures in Connection With Its Former CEO's Benefits Under His Employment and Retirement Agreement." " GE Closes a Defining Chapter in US Corporate History." " Jack Welch, the ‘Ultimate Manager’ Who Oversaw GE’s Rise to the Most Valuable Company, Dies at 84."įinancial Times. " How Jack Welch Destroyed Sloan’s Century."Ĭoastal Carolina University. " Jack Welch’s Brutal Firing Strategy Is Now Being Used by Amazon." " Jack Welch Was a Bitter Foe of American Workers."Įntrepreneur's Handbook. " Cold War Child: How the GE J47 Became the World’s Most Produced Jet Engine." " A Shared Vision: GE and Alstom Continue Their Common History With Latest Acquisition." " Walgreens Boots Alliance Set to Join Dow Jones Industrial Average." It was incorporated in 1892 as a result of a merger between the Thomson-Houston Company and Thomas Edison's Edison General Electric Company. GE was born out of the race to provide affordable light and electricity to fuel the growth of industrial America and quickly became a household name. When most Americans think “GE,” they probably think about light bulbs, televisions, and washing machines.
In 2021, the conglomerate announced plans to split into three independent companies specializing in aircraft engines, medical equipment, and power turbines.ġ892: GE and the Birth of American Innovation.In 2018, GE-the last original component of the DJIA-was dropped from the index, after years of poor performance and declining revenues.GE's decline accelerated during the Great Recession, as the financial crisis revealed it to be overstretched.Jack Welch transformed GE into a diversified conglomerate and stock-market winner, while instilling a focus on short-term performance and financial engineering.