General Electric
General Electric Company (GE) is an American multinational conglomerate founded in 1892, and incorporated in New York state and headquartered in Boston.
 | |
| Type | Public |
|---|---|
| ISIN | US3696043013 (since 2021) |
| Industry | Conglomerate |
| Predecessor | Edison General Electric Company Thomson-Houston Electric Company |
| Founded | April 15, 1892 in Schenectady, New York, US |
| Founders | |
| Headquarters | Boston, Massachusetts, U.S. |
Area served | Worldwide |
Key people | H. Lawrence Culp Jr. (Chairman & CEO) |
| Products | |
| Revenue |  US$76.56 billion[1]: 44 (2022) |
| US$1.41 billion[1]: 44 (2022) | |
 US$292 million[1]: 44 (2022) | |
| Total assets | US$187.8 billion[1]: 45 (2022) |
| Total equity | US$36.37 billion[1]: 45 (2022) |
Number of employees | 172,000[1]: 5 (2022) |
| Subsidiaries | |
| Website | www |
The company operates in aviation, power, renewable energy, digital industry, additive manufacturing and venture capital and finance.[2][3][self-published source][4]
In 2020, GE ranked among the Fortune 500 as the 33rd largest firm in the United States by gross revenue.[5] 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.[6][7][8] Two employees of GE – Irving Langmuir (1932) and Ivar Giaever (1973) – have been awarded the Nobel Prize.[9]
On November 9, 2021, the company announced it would divide itself into three investment-grade public companies. On July 18, 2022, GE unveiled the brand names of the companies it will create through its planned separation: GE Aerospace, GE HealthCare and GE Vernova.[10][11] The new companies will be focused on aerospace, healthcare, and energy (renewable energy, power, and digital). The first spin-off of GE HealthCare was finalized on January 4, 2023, with GE holding 19.9% of shares.[12] This will be followed by the spin-off of GE's portfolio of energy businesses which plan to become GE Vernova in 2024.[13] Following these transactions, GE will be an aviation-focused company, renaming itself as GE Aerospace, and will be the legal successor of the original GE.[14][15][16]