General Electric

SEC filings including 10-k. (This story was portrayed in the Kirk Douglas movie The Heroes of Telemark). See Yahoo! analyst converage. During the Second World War the Rjukan plant was the only location in Europe which produced heavy water, and consequently was the target of several commando and air raids which eventually resulted in the plant's destruction and later reconstruction. Job: name, age, pay. The project will use Pelamis P-750 Wave Energy Converters developed by Ocean Power Delivery to produce an estimated 2.25 megawatts of renewable energy in the subsequent year. Jack Welch introduced the use of the six sigma quality system, originally developed at Motorola, within GE. In May 2005, Norsk Hydro AS became a major backer of a Portuguese wave-farming project to produce electricity from wave power.

In 1987, GE was the United States' second largest nuclear power company and third largest producer of nuclear weapons systems. Eivind Reiten has been the CEO since 2001. In running GE's many diverse businesses he maintained a policy of only keeping those businesses which were #1 or #2 within their respective industries. There are total of around 36,000 employees. Nicknamed "Neutron Jack", he presided over a 28-fold increase in earnings (on a 5-fold increase in revenue) with his policy (referred to by detractors as "rank and yank") of sacking the worst performing 10% of his staff every year. The Norwegian state holds a 43.8 percent ownership interest in the company. The CEO from 1981-2001 was Jack Welch, who many regard as one of the premier business managers of his era. Hydro has operations in some 40 countries around the world and is active on all continents.

Even though the first wave of conglomerates (such as ITT, Ling-Temco-Vought, Tenneco, etc) fell by the wayside by the mid-1980s, in the late 1990s, another wave (consisting of Westinghouse, Tyco, and others) tried and failed to emulate GE's success. In 1999 Hydro acquired another Norwegian oil and gas company, Saga Petroleum, and in 2002 Hydro acquired the leading German aluminium producer VAW from the German utility company E.on. It is also one of the largest lenders in countries other than the United States, such as Japan. The company is the second largest oil and gas operator on the Norwegian continental shelf and the third largest integrated aluminium company world wide. Interestingly, over half of GE's revenue is derived from financial services, ostensibly making it a financial company with a manufacturing arm. Hydro presently has two core businesses, Oil & Energy and Aluminium. It has a presence in over 100 countries. Hydro distributed all its Yara shares to Hydro's shareholders and presently has no ownership in Yara.

As GE Commercial Finance, GE Consumer Finance, GE Equipment Services, and GE Insurance it offers a range of financial services as well. Hydro's fertilizer business was spun off as a separately stock-listed company under the name of Yara International on March 26, 2004. It was co-founder and is 80% owner (with Vivendi Universal) of NBC Universal, the National Broadcasting Company. Hydro's first factory was built at Notodden followed up with another at Rjukan, Tinn. Through these businesses, GE participates in a wide variety of markets including the generation, transmission and distribution of electricity, lighting, industrial automation, medical imaging equipment, motors, railway locomotives, aircraft jet engines, aviation services and materials such as plastics, silicones and abrasives. The technology had been developed by the Norwegian scientist Kristian Birkeland, who originally intended use it in the construction of an electric cannon. The list of GE businesses varies over time as the result of acquisitions, disposals and reorganizations. The company was founded on December 2, 1905 by Sam Eyde, exploiting a novel technology for producing artificial fertilizers by fixing nitrogen from air.

GE describes itself as composed of a number of primary business units or "businesses." Each "business" is itself a vast enterprise, any of which would, if separate, rank in the Fortune 500 by itself. Norsk Hydro ASA is a Norwegian oil and energy and integrated aluminium company, headquartered in Oslo. GE is an enormous multinational industrial company headquartered in Fairfield, Connecticut. In 2005, General Electric bought the financial assets of the Canadian airplane manufacturer Bombardier for $1.4 billion [2]. In that same year, GE also acquired the credit card unit of the department store Dillard's for $1.25 billion.

Also in 2004, GE completed the spinoff of most of its life and mortgage insurance assets into an independent company, Genworth Financial, based in Richmond, Virginia. The new company was named NBC Universal. In 2004, GE bought from Vivendi Universal the television and movie assets and became the third largest media conglomerate in the world. The rest was sold to various companies, including Bertelsmann AG and Thomson.

In 1986, GE re-acquired RCA, primarily for the NBC television network. In 1970 GE sold its computer division to Honeywell. It has been said that GE got into the computer manufacturing business because in the 1950's they were the largest user of computers outside of the Federal Government. A Datanet 600 computer was designed, but never sold.

Among them were the GE 215, GE 225, GE 235 and GE 600 series general purpose computers, the GE 4010, GE 4020, and GE 4060 real time process control computers, and the Datanet 30 message switching computer. GE had an extensive line of general purpose and special purpose computers. General Electric was one of the eight major computer companies (with IBM - the largest, Burroughs, Scientific Data Systems, Control Data Corporation, Honeywell, RCA and UNIVAC) through most of the 1960s. The Radio Corporation of America (RCA) was founded by GE and AT&T in 1919 to further international radio.

GE is the only one that remains today. In 1896, General Electric was one of the original 12 companies listed on the newly-formed Dow Jones Industrial Average. In 1892, these two major companies combined to form the General Electric Company, with its headquarters in Schenectady, New York. As businesses expanded, it became increasingly difficult for either company to produce complete electrical installations relying solely on their own technology.

Mergers with competitors and the patent rights owned by each company put them into dominant positions in the electrical industry. Coffin, a former shoe manufacturer from Lynn, Massachusetts. It merged with various companies and was later led by Charles A. Houston formed the rival Thomson-Houston Company.

J. In 1879, Elihu Thomson and E. By 1890, Edison had organized his various businesses into the Edison General Electric Company. Out of the laboratory was to come perhaps the most famous invention of all—a successful development of the incandescent electric lamp.

In 1876, Thomas Alva Edison opened a new laboratory in Menlo Park, New Jersey. . GE, which was a conglomerate long before the term was coined, is one of the very few corporations to achieve great success with this kind of organization. tax laws and accounting practices made it fashionable to assemble conglomerates.

In the 1960s, peculiarities in U.S. It should not be confused with The General Electric Company plc, which was renamed Marconi plc in 1999. However, on the back of high oil prices, ExxonMobil has outranked GE for most of 2005. Going into 2005, it was the world's largest corporation in terms of market cap ([1]).

The General Electric Company, or GE, NYSE: GE is a multinational technology and services company. Rank and yank. MOOSE. List of assets owned by General Electric.

Lexan. Borazon. Employees (2004): 315,000. Revenue ([5]): $152.4 billion.

Dray, Deane (Goldman Sachs). Parent, Nicole (Credit Suisse First Boston). Cornell, Robert (Lehman Brothers). Germanotta, Jeffrey (William Blair & Company, L.L.C.).

Oct 8, 2004 - Earnings Conference Call (Q3 2004) (press release and slides) (audio). January 21, 2005 - Earnings Conference Call (Q4 2004) (press release and slides) (audio). Vice Chairman: Robert Charles Wright, 60, $11.05M. Vice Chairman: Dennis Dammerman, 58, $11.49M.

Reiner. CIO: Gary M. Sherin, 45. CFO: Keith S.

CEO: Jeff Immelt, 48, $7.66M. In 2004 GE was named number one company for employers and employees on the Forbes 500 Global Player list. The company's market capitalization ([3]) is almost $100 billion higher than that of Microsoft ([4]). WMC Mortgage Corp.

Transport International Pool Inc. NBC Universal, Inc. MRA Systems, Inc. Instrumentarium Corporation.

HPSC, Inc. Global Nuclear Fuel - Japan Co., Ltd. General Electric Mortgage Insurance Corporation. GE Transportation.

GE Supply. GE Small Business Finance Corporation. GE Security. GE SeaCo SRL.

GE Osmonics. GE Money. GE Insurance. GE Infrastructure.

GE Healthcare. GE Global Research. GE Franchise Finance Corporation. GE Financial Assurance Holdings, Inc.

GE Fanuc Automation North America, Inc. GE Equipment Services. GE Engine Services, Inc. GE Energy.

GE Consumer Finance. GE Consumer & Industrial. GE Commercial Finance. GECAS.

GE Capital Rail Services. GE Capital IT Solutions. GE Advanced Materials. Access Distribution.