imagination at work<br />Presented By :-<br />Amandeep Sharma<br />GagandeepKaur<br />Sulagna<br />Sunny Chhatwal<br />
General Overview<br /><ul><li> The General Electric Company (GE) is a multinational American</li></ul> technology and services conglomerate incorporated in the<br /> state of New York<br /><ul><li> Founder: Thomas Edison
Energy Infrastructure<br />“How we manage energy today will determine<br /> the kind of world we live in Tomorrow. Whether<br /> it is solar power in rural India, wind power in Europe, or<br /> cleaner coal in the U.S., GE’s diverse portfolio of power<br /> generation products and Services is changing the way we <br /> think about power”<br />
Energy Infrastructure<br />Development, Implementation and Improvement of products and technologies<br /> that harness resources such as wind, oil, gas and water. <br />Operations located <br /><ul><li> North America,
Drive technology solutions</li></li></ul><li> NBC Universal<br />“GE has used its global presence and new technologies to<br /> make life easier and enjoyable for people around the world”<br />
GE Capital<br />“As businesses seek new ways to finance their operations<br /> and grow in their current environment, They turn to GE ”<br />“Our array of financial products and services <br />enable our costumers to meet their goals”<br />
GE Capital<br />GECapital businessesoffer a range of financial services and products worldwide for businesses of all sizes. <br />Services include <br /><ul><li> Commercial loans and leases,
Project finance and </li></li></ul><li>Home and Business Solutions<br />“ Our company began with the invention of the world’s <br />first affordable Incandescent lamp. A century later ,<br />GE is still bringing light to your world ”<br />
Home and Business Solutions<br />Appliances and Lighting sells and services<br />Home appliances include <br /><ul><li> Refrigerators,
2007, GE acquired Smiths Aerospace for $4.8 billion.
2010, GE acquired gas engines manufacture Dresser Inc. for $3 billion
2010: GE buy oil sector company British Wellstream Holding Plc. an oil drilling pipe maker for $1.3 billion</li></li></ul><li>Corporate Recognition and Rankings<br /><ul><li>Fortune ranked GE the 6th largest firm in the U.S.
Global 100 Most Sustainable Corporations in the World
The World's 25 Most Inventive Companies</li></li></ul><li>Legal Issues<br /><ul><li> August 4, 2009 : The SEC fined GE $50 million for breaking accounting rules in two separate cases, misleading investors into believing GE would meet or beat earnings expectations.
GE has faced criminal action regarding its defense related operations. GE was convicted in 1990 of defrauding the US Department of Defense, and again in 1992 on charges of corrupt practices in the sale of jet engines to Israel</li></li></ul><li>Recent controversies<br /><ul><li> During the 2011 Fukushima I Nuclear Power Plant catastrophe it became public that the six nuclear reactors in the plant had been designed by General Electric and that critics had opposed GE's design as far back as 1972.
March 2011, The New York Times reported that despite earning $14.2 billion in worldwide profits, including more than $5 billion from U.S. operations, GE did not owe taxes in 2010. General Electric had a tax benefit of $3.2 billion</li></li></ul><li>Environmental record<br />Pollution<br />GE has a history of some of its activities giving rise to large-scale <br />air and water pollution<br /><ul><li> Fourth-largest corporate producer of air pollution in U.S.
Payed $250 million settlement in connection with claims it polluted the </li></ul> Housatonic river with polychlorinated biphenyls and other hazardous <br /> substances.<br /><ul><li> GE discharged as much as 1.3 million pounds of PCBs from its </li></ul> capacitor manufacturing plants at the Hudson Falls and Fort Edward <br /> upstate New York facilities into the Hudson River<br />
Environmental Initiatives<br /><ul><li>Invested more than $850 million in renewable energy technology 2002
Launch of a program called "Ecomagination,2005
$1.4 billion in clean technology research and development in 2008
Licensed solar thermal technology from California-based eSolar for use in power plants 2011
Replacement Energy Smart LED bulb by 2011</li></li></ul><li>