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Global 500

Kristopher Grunert

41

General Electric

GE

U.S.

General Electric is transforming itself urgently after its share price collapsed in 2017 and continued to fall into 2018. Longtime CEO Jeff Immelt stepped down in October 2017, and his successor, company veteran John Flannery, has promised major changes, saying “everything is on the table,” including a possible break-up. Most troubled now is GE’s largest business, which makes and services giant turbines for electric utilities; orders and profits plunged in 2017, and Flannery has set expectations low for 2018. But he says GE’s problems extend beyond any one business and include capital allocation, culture, and execution–big factors to try to reform.

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CEO

John L. Flannery Jr.

Sector

Industrials

Industry

Industrial Machinery

HQ Location

Boston

Website

Years on Global 500 List

24

Employees

313,000

Includes revenues from discontinued operations.
Key Financials (Last Fiscal Year)
($ Millions)% change
Revenues ($M)$122,274-3.5%
Profits ($M)$-5,786.0-165.5%
Assets ($M)$377,945
Total Stockholder Equity ($M)$64,263
Profit Ratios
Profit as % of Revenues-4.7%
Profits as % of Assets-1.5%
Profits as % of Stockholder Equity-9.0%
STOCK QUOTE
()0.00 0.00 (0)
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  • Market Cap: NaNB
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  • 52 Week Change %: 0.00
  • P/E Ratio: n/a
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News about General Electric

Stocks Resume Their Selloff as Apple Helps Drag the Dow Down 600 Points

The Nasdaq Composite has now lost more than 10% since the beginning of October.

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General Electric Hit By $1 Billion U.K. Tax Bill

General Electric owes $1 billion in tax for 2004 to 2015, says UK

Read More →
GE Just Cut Its Dividend to Almost Nothing

And the millstone that is GE Power is being split in two.

Read More →