General Electric

General Electric Company
Company type	Public
Traded as	NYSE: GE; S&P 100 component; S&P 500 component;
ISIN	US3696043013 (since 2021)
Industry	Conglomerate
Predecessor	Edison General Electric Company; Thomson-Houston Electric Company
Founded	April 15, 1892 in Schenectady, New York, US
Founders	Charles A. Coffin; Thomas Edison; J. P. Morgan;
Headquarters	Boston, Massachusetts, U.S.
Area served	Worldwide
Key people	H. Lawrence Culp Jr.; (Chairman & CEO); Rahul Ghai; (CFO)
Products	Aircraft engines; Electrical distribution; Energy; Finance; Software; Wind turbines;
Revenue	US$67.954 billion (2023)
Operating income	US$9.029 billion (2023)
Net income	US$9.443 billion (2023)
Total assets	US$163.05 billion (2023)
Total equity	US$28.579 billion (2023)
Number of employees	125,000 (2023)
Subsidiaries	GE Additive; GE Aerospace; GE Capital; GE Digital; GE Power; GE Renewable Energy; GE Research;
Website	www.ge.com
	Footnotes / references;

General Electric Company (GE) is an American multinational conglomerate founded in 1892 and incorporated in the state of New York and headquartered in Boston. The company has several divisions, including aerospace, power, renewable energy, digital industry, additive manufacturing, and venture capital and finance.

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

On November 9, 2021, the company announced it would divide itself into three public companies. On July 18, 2022, GE unveiled the brand names of the companies it will create through its planned separation: GE Aerospace, GE HealthCare and GE Vernova. The new companies will be focused on aerospace, healthcare, and energy (renewable energy, power, and digital). The first spin-off of GE HealthCare was finalized on January 4, 2023; GE continues to hold 13.5% of shares and intends to sell the remaining over time. This will be followed by the spin-off of GE's portfolio of energy businesses which plan to become GE Vernova in 2024. Following these transactions, GE will be an aviation-focused company; GE Aerospace will be the legal successor of the original GE.

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