General Electric

General Electric Company (GE) is an American multinational conglomerate founded in 1892, and incorporated in New York state and headquartered in Boston.

General Electric Company
ISINUS3696043013 (since 2021)
PredecessorEdison General Electric Company
Thomson-Houston Electric Company
FoundedApril 15, 1892; 131 years ago (1892-04-15) in Schenectady, New York, US
HeadquartersBoston, Massachusetts, U.S.
Area served
Key people
H. Lawrence Culp Jr.
(Chairman & CEO)
RevenueIncrease US$76.56 billion[1]:44 (2022)
Increase US$1.41 billion[1]:44 (2022)
Decrease US$292 million[1]:44 (2022)
Total assetsDecrease US$187.8 billion[1]:45 (2022)
Total equityDecrease US$36.37 billion[1]:45 (2022)
Number of employees
Increase 172,000[1]:5 (2022)
Subsidiaries Edit this at Wikidata

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]

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