General Electric Company

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General Electric is an American multi-national conglomerate headquartered in Boston. GE sells its products in the USA (41.4%); Europe (20%); Asia (16.8%); Americas (6.6%); Middle East and Africa (1.5%), through the following business segments:

  • GE Aviation: manufacturing of aircraft engines and avionics systems;
  • GE Healthcare: manufactures and distributes diagnostic imaging agents and radiopharmaceuticals, magnetic-resonance-imaging dyes, medical diagnostic equipment, disease and drug research, and biopharmaceuticals.
  • GE Power
    • GE Oil and gas
  • GE Renewable Energy: production of energy from renewable sources, including wind, hydroelectric and solar power generation.
  • GE Additive: manufacturing
  • GE Capital: Venture capital and finance, financial services, factoring, leasing credit, automobile fleet management, industrial equipment financing;
  • GE Digital: provides software and Industrial Internet of Things services to industrial companies.
  • Lighting
  • Transportation

Top 30 Arms Producers 2017:[1] SIPRI  No.22 

Corporate Political Engagement Rating:[2] Transparency International    B  

Member of the World Coal Association World-Coal-Association.svg

Climate Policy Rating:[3] InfluenceMap  D+
General Electric does not appear to be supportive of an ambitious climate change regulatory regime. They recently supported the sustained use of coal and an increased role for shale gas. GE hold leadership positions in Business Roundtable and the USA's National Association of Manufacturing, both of whom have negative positions on climate change related regulations and policies.

Company

Shareholders

Source: MarketScreener.svg,  

Structure

  • General Electric Company, OpenCorporates-sm.svg
    • ... ...
      • GE Brazil Holding Ltd, OpenCorporates-sm.svg

Timelines

  • Mar.2020:
    Cytiva.svgDeals-Arrow-Right.svg
    Cytiva: GE Healthcare's Life Sciences BioPharma business was sold to Danaher Corporation,[4] having rebranded itself. The name comes from ‘cyto,’ which means ‘cell’ in Greek, and ‘iva,’ a Latin suffix meaning ‘doing’ and ‘capable of’.[5] The business makes equipment for the research and manufacture of pharmaceuticals.[6]
  • Apr.2014: Alstom SA, a French engineering group, was acquired. The acquisition received approval from the French govt in Nov, closed in mid-2015.
  • Mar.1999: Eagle Star Reinsurance Company Ltd was purchased from Zurich Financial Services Group by Employers Re Corporation (UK) Ltd, a subsidiary of General Electric Company.AR-Dec.19987,ref Zurich Financial Services had been looking for a buyer for Eagle Star since it was acquired in Zurich's merger in Sept.1998 with British American Tobacco plc's financial arm.ref
ToDo: link

Articles

  • /Documents/2017.12-InfluenceMap-Trade-Association-Report.pdf

References

  1. ^ The SIPRI Top 100 arms-producing and military services companies, 2017. Stockholm International Peace Research Institute, Dec.2018.
  2. ^ Corporate Political Engagement Index 2018. The new index of 104 multi-national companies, many of whom regularly meet with govt, has found nearly 75% are failing to adequately disclose how they engage with politicians. Only one company received the highest grade, with the average grade being "E" – representing poor standards in transparency. Transparency International UK, Nov.2018.
  3. ^ InfluenceMap Scoring Table: General Electric. Influence Map, Apr.2018.
  4. ^ GE Healthcare Ltd. Annual Report, Dec.31.2018, Companies House.
  5. ^ Introducing Cytiva: GE plans name change ahead of $21bn Danaher buy. GE Healthcare’s Biopharma business has announced plans to change its name and logo in anticipation of its acquisition by Danaher Corporation later this year. Dan Stanton, BioProcess International, Sept.06.2019.
  6. ^ GE continues slim down with $21bn sale of BioPharma business. Ben Hargreaves, BioPharma Reporter, Feb.25.2019.