3. Public Company
Incorporated: 1892
Employees: 305,000
Sales: $134.19 billion (2003)
Stock Exchanges: New York Boston London
Euronext Paris
Ticker Symbol: GE
4. 1878:
Thomas Edison establishes the Edison Electric Light Company.
1889:
Edison has, by this date, consolidated all of his companies under
the name of the Edison General Electric Company.
1892:
Edison's company merges with the Thomson-Houston Electric
Company to form General Electric Company (GE); company's stock
begins trading on the New York Stock Exchange.
1894:
Edison sells all his shares in the company, remaining a consultant
to GE.
1900:
GE establishes the first industrial laboratory in the United States.
5. 1906:
The first GE major appliance, an electric range, is
introduced.
1919:
GE, AT&T, and Westinghouse form the Radio
Corporation of America (RCA) to develop radio
technology.
1924:
GE exits from the utilities business following
government antitrust action.
1930:
Company sells its holdings in RCA because of
antitrust considerations.
6. 1955:
The U.S. Navy launches the
submarine Seawolf, which is powered by a GE
nuclear reactor.
1987:
GE sells its own and RCA's television
manufacturing businesses to the French
company Thomson in exchange for Thomson's
medical diagnostics business.
7. 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.
8. 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
9. The Japan nuclear crisis has brought scrutiny
on GE, but the world's 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.
10.
11. 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.
12. 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.
13. They are our words and our values... in our
own voice.
Passionate
Curious
Resourceful
Accountable
Teamwork
Committed
Open
Energizing
14. 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
15. 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.
16. Presiding Director GE
Ralph S. Larsen
Management Development and
Compensation Committee
Nominating and Corporate
Governance Committee
Public Responsibilities Committee