Brief introduction of general electric company
1, company profile
American General Electric Company is the largest diversified service company in the world. From aircraft engines and power generation equipment to financial services, from medical imaging and TV programs to plastics, GE is committed to creating a better life through various technologies and services. GE operates in more than 0/00 countries around the world, with nearly 300,000 employees worldwide.
Mr. Jeff Immelt succeeded Jack Welch as Chairman and CEO of General Electric Company on September 7th, 2006.
2. Product field
Ge's seven development engines generate 85% of the profits, including consumer finance group, commercial finance group, energy group, medical group, infrastructure group, NBC Universal and transportation group. Four cash growth points continue to generate cash flow and income in the growing economic environment: high-tech materials group, consumer and industrial products group, equipment service group and insurance group.
3. Its subsidiaries
General electric capital, general electric aviation financial services, general electric commercial finance, general electric energy financial services, general electric finance, general electric fund, general electric technical facilities, general electric aviation, general electric enterprise solutions, general electric medical care, general electric transportation, general electric energy facilities, general electric water treatment, general electric oil and gas, general electric energy, general electric consumer and industry, general electric equipment, general electric lighting and general electric power distribution.
Extended data
Welch's Contribution to General Motors
1, the market value rose.
From 198 1, where Welch was the president, to 1998, all major indicators of GE maintained double-digit growth. During this period, GE's annual revenue increased from $25 billion to $654.38+0005 billion, its net profit increased from $654.38+05 billion to $9.3 billion, and its employees decreased from 400,000 to 300,000. By the end of 1998, GE's market value exceeded US$ 280 billion, ranking among the top 500 companies in the world for many years.
The above achievements in 1998 resulted in 1000 billion dollars of free cash flow. Together with the company's AAA debt credit, it was able to invest $2 100 billion in 1998 to acquire 108 companies to support two of the company's three major measures: globalization and service.
2. Increase in shareholders' income
As far as shareholder income is concerned, neither Bill Gates of Microsoft, andrew groff of Intel, Warren Buffett nor Sam Wharton, the retail king of Wal-Mart, can compare with Jack Welch. Through the company's savings plan, GE's shareholders have owned more than $654.38+07 billion in GE shares. 1998, the total earnings per share of GE shares was as high as 41%; In the past 18 years, the average annual return rate of ge to shareholders was 24%.
Baidu Encyclopedia-Jack Welch
Baidu encyclopedia-general electric company