Public Company Incorporated: 1892 Employees: 305,000 Sales: $134.19 billion (2003) Stock Exchanges: New York Boston London Euronext Paris Ticker Symbol: GE
1878: Thomas Edison establishes the Edison Electric Light Company. 1889: Edison has, by this date, consolidated all of his companies underthe name of the Edison General Electric Company. 1892: Edisons company merges with the Thomson-Houston ElectricCompany to form General Electric Company (GE); companys stockbegins trading on the New York Stock Exchange. 1894: Edison sells all his shares in the company, remaining a consultantto GE. 1900: GE establishes the first industrial laboratory in the United States.
1906: The first GE major appliance, an electric range, isintroduced. 1919: GE, AT&T, and Westinghouse form the RadioCorporation of America (RCA) to develop radiotechnology. 1924: GE exits from the utilities business followinggovernment antitrust action. 1930: Company sells its holdings in RCA because ofantitrust considerations.
1955: The U.S. Navy launches the submarine Seawolf, which is powered by a GE nuclear reactor. 1987: GE sells its own and RCAs television manufacturing businesses to the French company Thomson in exchange for Thomsons medical diagnostics business.
1998: Revenues surpass $100 billion. 2004: British health sciences firm Amersham plc is acquired for $9.5 billion; in $14 billion deal, GE buys Vivendi Universal Entertainment, which is combined with NBC to form NBC Universal.
General Electric Company (GE) is a diversified technology and financial services corporation. The products and services of the Company range from aircraft engines, power generation, water processing, and household appliances to medical imaging, business and consumer financing and industrial products
The Japan nuclear crisis has brought scrutiny on GE, but the worlds biggest nuclear- equipment supplier has maintained that its containment vessel design is reliable The most pressing issue now at the plant is a possible crack in a spent fuel pool, which sits above the reactor containment vessel and was damaged during explosions earlier this week.
GE does not have a mission statement, per se, but its operating philosophy and business objectives are clearly articulated each year in the Letter to Shareowners, Employees and Customers in the Annual Report.. They do have values and actions: Imagine. Build. Solve. Lead.
Values While GE has always performed with integrity and values, each business generation expresses those values according to the circumstances of the times. Now more than ever the expression and adherence to values is vital.
They are our words and our values... in our own voice. Passionate Curious Resourceful Accountable Teamwork Committed Open Energizing
As a 130-year-old technology company, sustainability is embedded in our culture and our business strategy. Working to solve some of the world’s biggest challenges inspires our thinking and drives our actions. We are committed to finding sustainable solutions to benefit the planet, its people and the economy
Employee performance can only flourish in a sound work environment. That’s why we’re committed to supporting our employees through systems and policies that foster open communication, maintain privacy, and assure health and safety.
Presiding Director GE Ralph S. Larsen Management Development and Compensation Committee Nominating and Corporate Governance Committee Public Responsibilities Committee