FILE - The General Electric logo appears above a trading post on the floor of the New York Stock Exchange, June 26, 2018. General Electric is splitting itself into three public companies that concentrate on aviation, healthcare and energy. The company said Tuesday, Nov. 9, 2021, that it plans a spinoff of its healthcare business in early 2023 and of its energy segment in early 2024.
The company, founded in 1892, has refashioned itself in recent years from the sprawling conglomerate created by Jack Welch in the 1980s to a much smaller and focused entity. It was heavily damaged by the financial crisis. Culp will become non-executive chairman of the healthcare company. Peter Arduini will serve as president and CEO of GE Healthcare effective January 1, 2022. Scott Strazik will become CEO of the combined renewable energy, power, and digital business. Culp will lead the aviation business along with John Slattery, who will remain its CEO.
Smart meters don’t keep the lights on.
If you realize that someone is going to figure out that you are incapable of effective management, make less, outsource, split it up, shrink it, or any combination of these and make a case study of the success.
So now it’s officially GE, Kabletown, and Shinehart Wigs.
only Frankenstein thinks healthcare when they hear General Electric
Too bad they never Mke an effort to pay taxes.
Does Jack approve?
We know the real reason...
So no more GE Appliances?
Yet, I still can't buy a GE toaster. Dammit. That's what what 100 years of mismanagement yields. Sad.
deray You forgot to mention when they spun off GE Financial / Genworth. What a 💩show insurance company.
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