"After 129 years, after being the largest conglomerate on the planet, after being the last standing original Dow Jones index company to drop, after dozens (maybe hundreds) of spin-offs, sales, divestitures. GE will break up the remaining 3 core business. The legacy will live on the people and on the companies that inherited its history: SABIC (GE Plastics), NBCUniversal (RCA), Synchrony, Genworth, Wells Fargo, Goldman Sachs, Capital One, BMO Financial Group, AerCap (GE Capital), Haier (GE Appliances), Genpact, PwC (GE Corporate) SUEZ (GE Water), Baker Hughes (GE Oil & Gas), ABB (GE industrial Solutions), Wabtec Corporation (GE Transportation), Danaher Corporation (GE Healthcare) and now to follow GE Healthcare, GE Power and GE Aviation. It’s truly incredible the breadth of business that GE got into. After spending almost a decade there jumping from business to business, I always learn about those exotic business GE was in. There was at some point a “GE SeaCo” a shipping container division, “GE Security” making fire alarms and a TV channel (NBC) making a series mocking itself. I myself in my last days in the company was with GE Hamble Aerostructures Ltd a company in the south of England making all sorts of structural components for airplanes, that was originally acquired from Smiths Aerospace and sold to Aernnova Aerospace. Well, I guess the big, old GE is soon to be history, but I am sure we will keep encountering the beloved meatball when we least expect it."
What a load of rubbish. For example ABB is not a GE "spin-off"...
Bad management turned the meatball, rotten to the core!
The above is nothing more than management spin and thankfully we won't have to put up with too much more of this claptrap!