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  • Previous Rank31
  • Revenues ($M)$122,274
  • Revenue Percent Change-3.5%
  • Profits ($M)$-5,786.00
  • Profits Percent Change-165.5%
  • Assets ($M)$377,945.00
  • Employees313,000

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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Company Information

CEO
John L. Flannery Jr.
Sector
Industrials
Industry
Industrial Machinery
HQ Location
Boston
Websitehttp://www.ge.com
Years on Global 500 List24
Employees313,000

General Electric Rank History

Key Financials (Last Fiscal Year)

($ Millions)% change
Revenues ($M)$122,274-3.5%
Profits ($M)$-5,786.00-165.5%
Assets ($M)$377,945.00-
Total Stockholder Equity ($M)$64,263.00-

Profit Ratios

Profit as % of Revenues-4.7%
Profits as % of Assets-1.5%
Profits as % of Stockholder Equity-9%