About General Electric Company (GE)

Company Description:

General Electric Company, commonly known as GE, is a multinational conglomerate renowned for its diverse range of industrial products and services. It operates through a variety of segments including Aviation, Power, Renewable Energy, Healthcare, and Capital.

Founded by Thomas Edison, J.P. Morgan, and others on April 15, 1892, GE has played a pivotal role in the development of the electrical industry. The company is headquartered in Boston, Massachusetts, United States.

Main Product(s):

GE's main products and services span across several sectors, including aircraft engines, power generation, wind turbines, medical imaging, and financial services.

Short History of General Electric Company:

• 1892 – Founded by Thomas Edison and others.
• 1896 – One of the original 12 companies listed on the newly formed Dow Jones Industrial Average.
• 1981 – Jack Welch became CEO, initiating significant restructuring.
• 2008 – Faced challenges during the financial crisis, leading to a shift in strategy.
• 2015 – Announced plans to focus more on industrial businesses.
• 2018 – GE was removed from the Dow Jones Industrial Average.
• 2020 – GE announced its plan to become carbon neutral by 2030.