General Electric

General Electric Company
TypePublic
ISINUS3696041033
IndustryConglomerate
PredecessorEdison General Electric
Thomson-Houston Electric
FoundedApril 15, 1892 (1892-04-15) in Schenectady, New York, US
Founders
HeadquartersBoston, Massachusetts, US
Area served
Worldwide
Key people
H. Lawrence Culp Jr.
(Chairman & CEO)
Products
RevenueDecrease US$ 75.619 billion (2020)
Increase US$ 5.197 billion (2020)
Increase US$ 5.230 billion (2020)
Total assetsDecrease US$ 253.452 billion (2020)
Total equityIncrease US$ 35.552 billion (2020)
Number of employees
205,000 (2020)
Subsidiaries
Websitewww.ge.com Edit this at Wikidata
Footnotes / references
[1]

General Electric Company (GE) is an American multinational conglomerate incorporated in New York City and headquartered in Boston. As of 2018, the company operates through the following segments: aviation, healthcare, power, renewable energy, digital industry, additive manufacturing and venture capital and finance.[2][3]

In 2020, GE ranked among the Fortune 500 as the 33rd largest firm in the United States by gross revenue.[4] In 2011, GE ranked among the Fortune 20 as the 14th-most profitable company but has since very severely underperformed the market (by about 75%) as its profitability collapsed.[5][6][7] Two employees of GE—Irving Langmuir (1932) and Ivar Giaever (1973)—have been awarded the Nobel Prize.[8]

  1. ^ "FORM 10-K" (PDF). General Electric. Archived from the original (PDF) on March 24, 2020. Retrieved May 11, 2020.
  2. ^ "Summary of Operating Segments" (PDF). GE. Archived from the original (PDF) on April 12, 2018. Retrieved April 12, 2018.
  3. ^ Egan, Matt (13 June 2018). "Inside the dismantling of GE". CNN. Archived from the original on 13 June 2018.
  4. ^ "Fortune 500". Fortune. Retrieved August 10, 2020.
  5. ^ Mann, Thomas Gryta and Ted (December 14, 2018). "GE Powered the American Century—Then It Burned Out". Archived from the original on August 10, 2019. Retrieved August 11, 2019 – via www.wsj.com.
  6. ^ "What the Hell Happened at GE?". Fortune. Archived from the original on August 11, 2019. Retrieved August 11, 2019.
  7. ^ "Fortune 20 most profitable companies: IBM". Fortune. 2011. Archived from the original on May 8, 2011. Retrieved December 17, 2010.
  8. ^ "Heritage of Research". General Electric. Archived from the original on August 10, 2016. Retrieved June 1, 2016.