Jump to content
The Great Escape Online Community

[Slashdot] - GE Will Split Into Three Units, Ending Conglomerate for Good


Admin
 Share

Recommended Posts

General Electric will split into three separate companies in a stunning breakup of the iconic manufacturer founded by Thomas Edison whose sprawling businesses once made it the world's most valuable company. The shares surged. From a report: GE will spin off its health care business in early 2023 and combine its renewable energy, fossil-fuel power and digital units into a single energy-focused entity that will be spun off a year later, the company said Tuesday. The remaining company will consist of GE Aviation, its jet-engine division. "What we're doing today is creating three outstanding investment-grade, global leaders in health care, aviation and energy," Chief Executive Officer Larry Culp said in an interview. "GE has led in these markets for a long time and today we're setting ourselves up for another century of leadership."

twitter_icon_large.png facebook_icon_large.png

Read more of this story at Slashdot.

mS_EUjAmCDo

View the full article

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...

Important Information

By using The Great Escaped Online Community, you agree to our Privacy Policy and Terms of Use