The dismantling of GE, once America’s iconic everything company, is now complete | CNN Business
The dismantling of GE, once America’s iconic everything company, is now complete. The company that once supplied television, light bulbs, appliances, and even subprime mortgages to American families has undergone a significant transformation and split into two separate entities – GE Aerospace and GE Vernova. This split marks the end of an era for a company that was once the largest and most valuable in the world.
Founded by Thomas Edison in 1892, GE saw a period of decline in the 21st century due to poorly timed deals and excessive debt. Instead of addressing these issues, the company resorted to share repurchases and dividends in a desperate attempt to boost its stock price.… Continue reading
John Q. Hosedrinker