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Global 500

Courtesy of General Electric

31

General Electric

GE

U.S.

Under long-serving CEO Jeff Immelt, GE continues its major transformation to refocus on its bedrock industrial businesses and distance itself from the legacy of Immelt’s legendary predecessor, Jack Welch. The company faced headwinds in 2016 and earnings for its Oil and Gas business dropped 37% year over year as the rest of the portfolio rose 8%. “We simply couldn’t outrun pressure in resource markets,” Immelt acknowledged, even though the company’s greatest race is to turn its staple industrial businesses, from locomotives to jet engines, into high-growth opportunities. In August, Immelt handed over the CEO reins to John Flannery to continue GE’s transformation. GE was founded in 1892 and is headquartered in Boston.

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CEO

John L. Flannery Jr.

Sector

Industrials

Industry

Industrial Machinery

HQ Location

Boston, MA

Website

Years on Global 500 List

23

Employees

295,000

Includes revenues from discontinued operations.
Key Financials (Last Fiscal Year)
($ Millions)% change
Revenues ($M)$126,661-9.8%
Profits ($M)$8,831.0
Assets ($M)$365,183
Total Stockholder Equity ($M)$75,828
Profit Ratios
Profit as % of Revenues7.0%
Profits as % of Assets2.4%
Profits as % of Stockholder Equity11.6%
STOCK QUOTE
()0.00 0.00 (0)
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  • 52 Week Change %: 0.00
  • P/E Ratio: n/a
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News about General Electric

GE, the Last Original Dow Industrial Stock, Is Out. Walgreens Is In

The change marks the end of an era for GE and reflects an evolving U.S. economy.

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The Failure of GE's Digital Transformation

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