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Lights Out: Pride, Delusion, and the Fall of General Electric is a 2020 book written by Wall Street Journal reporters Thomas Gryta and Ted Mann. [1] It documents the downfall of the American conglomerate General Electric, largely attributing it to the decisions of CEO Jeff Immelt. The book ends with Larry Culp becoming CEO in 2018.
GE Aerospace expects 2025 profit in the range of $5.10 per share to $5.45 per share, compared with analysts' average estimates of $5.23 per share, according to data compiled by LSEG.
CHICAGO (Reuters) -General Electric on Tuesday completed its breakup into three companies, marking the end of the 132-year-old conglomerate that was once the most valuable U.S. corporation and a ...
Nicknamed “the house that Jack built,” GE routinely outperformed peers and the broader market, helped in part by GE Capital, its financial wing. Through the 1990s, it returned 1,120.6% on ...
In 2020, Culp was offered a contract-extension of two years by the board of General Electric that would last until August 2024. [ 7 ] In April 2021, the Financial Times reported that Culp faced push back from two of the largest shareholder advisers on his pay package, which includes a bonus of $47 million. [ 8 ]
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GE EFS has invested billions of dollars in the solar industry. One of their most recent investment is a 127-megawatt solar farm in Arlington, Arizona, which is about 40 mi (64 km) west of Phoenix. [1] In 2021 a plan to split GE into three new public companies (GE Vernova, GE HealthCare, and GE Aerospace) was announced.