General Electric

In 2007, General Electric or GE is the first world Conglomérat and the second world market cap.

The firm has many subsidiary companies in the world; it is a value symbol of the Bourse of New York. It should not be confused with GEC, the General Electric Company plc , which is an English company re-elected since 1999 Marconi plc . Since beginning 2004, General Electric was the largest company of the capitalist Marché of the world, and for four years, it had been one of the only companies to make benefit. In 2005 it is the second New York Stock Exchange capitalization, behind Exxon Mobil and the ninth world company in term of turnover according to the Total classification Fortune 500.

In 2005, GE employs 316.000 people for CA of 150 billion $ and one bottom line 16 billion $

The French subsidiary company of General Electric has just signed the Pacte SME on October 9th, 2007 in the presence of Herve Novelli, Secretary of State in charge with the companies and the foreign trade.

History

In 1876, Thomas Edison opens a laboratory with Menlo Park in the New Jersey. It is for example in this laboratory that it improves the lamp incandescent. After 1890, Edison had concentrated its companies under the name of “Edison General Electric Company”.

In 1879 Elihu Thomson and E.J. Houston created the rival company Thomson-Houston Electric Company. It also amalgamated with various companies and later with Charles A. Coffin, a former manufacturer of shoes of Lynn.

These fusions with competitors and industrialists put the two companies in dominant position in electric industry. As the number of companies increased, it became increasingly difficult for one or the other to produce complete electrical installations with its own technology. In 1892, these two companies were linked, forming “General Electric Company”, with its head office with Schenectady.

In 1896, “General Electric” was one of the twelve companies which formed the Dow Jones Industrial Average. GE is today the only one to be there still.

Today

GE is an enormous multinational industrial company whose head office is with Fairfield (Connecticut). GE are composed of a certain number of undertaken primary of businesses . They are each one of vast companies but, separately, would not have a significant weight economic. The list of the companies of GE frequently changes, with the liking of acquisitions and the reorganizations. In 2006, General Electric is divided into 6 principal branches:

  • GE Commercial Finances

  • GE Money
  • GE Healthcare
  • GE Industrial
  • GE Infrastructure
  • NBC Universal

Through these companies, GE takes part in a great number of activities. In the field of energy, GE provides large equipment for the generation, the transport and the distribution of electricity, of the gas turbines, the wind S, the management software of networks (Smallworld). GE is also a major actor in the Désalinisation and the water treatment. In the field of transport, GE is an important supplier of engine S of planes and Locomotive S. GE provides also medical equipment to the hospitals. GE Industrial produced of the material of lighting, the Silicone S and the Abrasive S, as well as apparatuses electric household appliances S. GE is also cofounder of the chain of Télévision NBC. The branch GE To consume Finance provides finance departments to the private individuals, whereas the Commercial sphere of activity of GE Finances extends to the Immobilier, with the Leasing and the Assurance.

To note that the group is present in a hundred country.

Jack Welch was Managing director of General Electric of 1981 with 2001. Jack Welch is regarded by the press as one of the best managers of the history.

Jeffrey Immelt succeeds Jack Welch in 2001. Since, Immelt made it possible GE to maintain an internal growth of more than 8%.

General Electric (the United States) is the second company in the world in term of total capitalization after Exxon Mobil. It lost its first rank in favor of the latter because of the recent blaze of the oil courses.

In 2005, the firm announced an investment of 1,5 billion dollar per annum in research on the Environnement.

Today GE reorganizes around 6 poles

General Electric set up a plan of reorganization intended to accelerate the growth and to develop the profitability of the group. Since July 5th, 2005, the electric equipment supplier passed from an organization in 11 divisions, with a structure in 6 poles of activities:

  • GE Infrastructure

  • GE Industrial
  • GE Commercial Finances Services
  • GE Healthcare
  • GE To consume Finance
  • NBC Universal

With this occasion, General Electric recruited in-house three new vice-presidents: Dave Calhoun (48 years) will direct GE Infrastructure, Michael Neal (52 years), GE Commercial Finances Services and John Rice (48 years), GE Industrial. GE Healthcare is chaired by Joe Hogan, NBC Universal by Bob Wright and GE To consume Finance by Dave Nissen.

See too

Related articles

External bonds

  • Site of General Electric
  • Water-softeners GE.
  • Capitalization of the american companies Yahoo Finances.

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