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General Electric Company Profile

Initially formed by the merger of the Edison Electric Company and the Thomson Houston Company of 1892, General Electric has grown to be rated one of the world’s largest companies. The company had so many prospects back then that it was added, along with eleven other large companies of the time, as one of the original companies to be put on the Dow Jones Industrial Average in 1896. The National Electric Lamp Association was absorbed into General Electric in 1911. NELA Park, General Electric’s current lighting headquarters, was built shortly after absorbing NELA. The Radio Corporation of America, or RCA, was founded by GE in 1919 to stretch the bounds of international radio. During World War One and World War Two GE was the leader in innovation, moving into the new field of turbo superchargers for airplanes and turbines for electricity. GE was one of the largest computer makers in the 1960s until it sold its computer division to Honeywell in the 1970s.

General Electric is still one of the largest corporations in the world. It continues to surpass many other computer and technology producers and exceed expectations all around the world. General Electric has its headquarters in the city of Fairfield, Connecticut and a large office is also located in New York City, New York. The company has many hundreds of plants in over one hundred countries worldwide. Plants can be found in major countries, such as China, Japan, Canada, France, Germany, and many others, earning it the name of a multinational conglomerate. The company currently has about 304,000 employees located all around the world.

Throughout its history, General Electric has acquired and sold many of its assets to other top companies. In 1986, General Electric reacquired its long lost RCA in order to more properly run NBC studios. GE Information Systems was sold in 2002 to Francisco Partners and Norwest Venture Partners and renamed GSX. 80% of Universal Pictures was bought by GE in 2004, when Vivendi bought 20% of NBC from GE. General Electric was able to successfully combine all of its life insurance and its mortgage companies into one giant division called Genworth Financial in 2004. Also in 2004, GE Security bought the airport security equipment manufacturer InVision Technologies. GE Commercial Finance bought Bombardier for about 1.4 billion dollars in 2005. It is almost hard to keep track of everything with so many acquisitions and sales going on all of the time.

One of the most valuable assets that General Electric has is its brand name. The name “GE” was trademarked in 1899 when the company was just getting underway. The brand name is epitomized by the GE symbol that is seen all over trains, buildings, signs, and products alike. The symbol for General Electric was changed in 2004 to a different font, and the slogan was changed from “we bring good things to life” to “imagination at work”. The brand name for General Electric alone has an estimated value of about 48 billion dollars.

General Electric is made up of five divisions; GE Energy, GE Capital, GE Home and Business Solutions, NBC Studios, and GE Technology Infrastructure. All of these divisions each have their own unique job when it comes to the company as a whole. These divisions are split among the large manufacturing portion of the conglomerate that builds the airplanes, trains, engines, and turbines. GE Electric provides electricity and electrical equipment to thousands of homes and millions of people worldwide, as well as nuclear and gas power. Medical imaging equipment has also become a very large part of General Electric. General Electric has also become a very large financial player, making over half of its revenue from providing financial services in insurance and mortgages.

Due to the recent recession, General Electric has not been getting as much business as usual, like most companies. General Electric currently has revenue of 157 billion dollars with an operating income of 10.34 billion dollars. The net income for the company in 2009 was 10.7 billion dollars. The Chairman and CEO of the company is Jeffery R. Immelt. GE continues to be a leader in providing appliances, lighting, health care, oil, gas, finance, energy, software, consumer electronics, and security and aviation services.

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General Electric Company Profile Initially formed by the merger of the Edison Electric Company and the Thomson Houston Company of 1892, General Electric has grown to be rated one of the world’s largest companies. The company had so many prospects back then that it was added, along with eleven other large companies of the time, as one of the original companies to be put on the Dow Jones Industrial Average in 1896. The National Electric Lamp Association was absorbed into General Electric in 1911. NELA Park, General Electric’s current lighting headquarters, was built shortly after absorbing NELA. The Radio Corporation of America, or RCA, was founded by GE in 1919 to stretch the bounds of international radio. During World War One and World War Two GE was the leader in innovation, moving into the new field of turbo superchargers for airplanes and turbines for electricity. GE was one of the largest computer makers in the 1960s until it sold its computer division to Honeywell in the 1970s. General Electric is still one of the largest corporations in the world. It continues to surpass many other computer and technology producers and exceed expectations all around the world. General Electric has its headquarters in the city of Fairfield, Connecticut and a large office is also located in New York City, New York. The company has many hundreds of plants in over one hundred countries worldwide. Plants can be found in major countries, such as China, Japan, Canada, France, Germany, and many others, earning it the name of a multinational conglomerate. The company currently has about 304,000 employees located all around the world. Throughout its history, General Electric has acquired and sold many of its assets to other top companies. In 1986, General Electric reacquired its long lost RCA in order to more properly run NBC studios. GE Information Systems was sold in 2002 to Francisco Partners and Norwest Venture Partners and renamed GSX. 80% of Universal Pictures was bought by GE in 2004, when Vivendi bought 20% of NBC from GE. General Electric was able to successfully combine all of its life insurance and its mortgage companies into one giant division called Genworth Financial in 2004. Also in 2004, GE Security bought the airport security equipment manufacturer InVision Technologies. GE Commercial Finance bought Bombardier for about 1.4 billion dollars in 2005. It is almost hard to keep track of everything with so many acquisitions and sales going on all of the time. One of the most valuable assets that General Electric has is its brand name. The name “GE” was trademarked in 1899 when the company was just getting underway. The brand name is epitomized by the GE symbol that is seen all over trains, buildings, signs, and products alike. The symbol for General Electric was changed in 2004 to a different font, and the slogan was changed from “we bring good things to life” to “imagination at work”. The brand name for General Electric alone has an estimated value of about 48 billion dollars. General Electric is made up of five divisions; GE Energy, GE Capital, GE Home and Business Solutions, NBC Studios, and GE Technology Infrastructure. All of these divisions each have their own unique job when it comes to the company as a whole. These divisions are split among the large manufacturing portion of the conglomerate that builds the airplanes, trains, engines, and turbines. GE Electric provides electricity and electrical equipment to thousands of homes and millions of people worldwide, as well as nuclear and gas power. Medical imaging equipment has also become a very large part of General Electric. General Electric has also become a very large financial player, making over half of its revenue from providing financial services in insurance and mortgages. Due to the recent recession, General Electric has not been getting as much business as usual, like most companies. General Electric currently has revenue of 157 billion dollars with an operating income of 10.34 billion dollars. The net income for the company in 2009 was 10.7 billion dollars. The Chairman and CEO of the company is Jeffery R. Immelt. GE continues to be a leader in providing appliances, lighting, health care, oil, gas, finance, energy, software, consumer electronics, and security and aviation services.