Edison, whose full name was Thomas Edison, founded the Edison Electric Light Company in 1878.In 1892, the Edison Electric Light Company merged with the Thompson-Houston Electric Company to form General Electric (GE).
General Electric (GE) was founded 128 years ago, after hundreds of years of development, become the world's largest diversified industrial services company, business covers aircraft engines, power generation equipment, high-tech materials, energy and other fields, the peak of the market value of the enterprise was more than 820 billion U.S. dollars.
Even though the company was established by the "king of invention" Edison, who won two Nobel Prizes and trained nearly 200 CEOs of the top 500 companies, and even the president of the U.S., as long as the splendor is not there, the market is brutal, and does not allow slow development of the company, so it is abandoned
Beijing Time June 20 early morning, the S&P Dow Jones Indices Committee issued an announcement that industrial giant General Electric (GE) was removed from the Dow Jones Industrial Average, and drugstore chain Walgreens Boots Alliance (Walgreens Boots Alliance) will replace it.
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Back to GE's History
In 1892, the Edison Electric Light Company, founded by Thomas Edison, merged with the Thompson-Houston Electric Company, and General Electric (GE) was formed!
Over the next 100 years, GE, which started out as a manufacturer of generators and electric motors, grew to become a benchmark company in the United States.
In 1981, GE welcomed a new helmsman, Jack Welch, known as the "world's number one CEO".
Under his leadership, a brilliant period of rapid development began. Jack Welch utilized finance and cross-border mergers and acquisitions to extend GE's business to a wide range of fields, including home appliances, aviation, consumer electronics, finance, healthcare, media, and security.
Particularly in the financial sector, with the help of GE's own high credit rating, its financial business by low-cost financing advantage to realize the expansion,
and successfully involved in commercial credit cards, leasing and reinsurance, and other non-banking financial services, almost all,
Then came the financial crisis, but let all the beauty of the screeching to a halt.
GE's example shows us how important it is for a company to stay true to its core competencies.
In this era of great change, the ability to seize opportunities and make money is the capital of the company's longevity.