Signage is displayed outside the General Electric Co. (GE) energy plant in Greenville, South Carolina, U.S. Photographer: Luke Sharrett/Bloomberg
Signage is displayed outside the General Electric Co. (GE) energy plant in Greenville, South Carolina, U.S. Photographer: Luke Sharrett/Bloomberg

The shocking fall of General Electric – The Wall Street Journal

How General Electric, once America’s biggest company, the maker of power turbines, the seller of insurance, became a shadow of its former self.
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DUBLIN — The story of the rise and fall of GE is an incredible tall of corporate grandeur, hubris, strategic blundering, and human foibles. From its giddy heights in the 1990s, GE has plunged to black depths. It has shed billions of dollars of market capitalisation, stranded thousands of retirees who relied on its once-stable dividend for their golden years, and fallen ignominiously out of the Dow Jones Industrial Average index it once dominated. Below is the epic tale of how the company that built America slowly fell apart. – Felicity Duncan

By Thomas Gryta and Ted Mann

(The Wall Street Journal) They came by the dozens in luxury sedans, black Ubers and sleek helicopters. As they did each August, General Electric's most important executives descended on a hilltop above the Hudson River for their annual leadership gathering.

___STEADY_PAYWALL___

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