December 22, 2024

– Formed in 1892
– A founding member of DJIA
– Only remaining founding member in DJIA
– 13th largest US company by employees – 295,000 employees
– 31st largest company in the world by revenue – $126 billion
– Cut dividend 50% in Nov. to save $4 billion
– 85% cash flow goes to pay dividends
– Selling off the light bulb division
– Net income $9.77 billion

Links:
Wikipedia
Could GE get booted from the Dow after 110 years?
GE cuts dividend for second time since Great Depression
GE is breaking up with the light bulb, its most iconic accomplishment
GE’s Power Outage Has Destroyed $100 Billion In Market Value
GE shares dive after ‘deeply disappointing’ $6.2 billion insurance portfolio charge