zlacker

Full disclosure: I work for GE.

And in my opinion we are doing some amazing things right now.

I don’t think GE is dead at all.

>>Gud+(OP)
Agreed, but today's GE is quite different from it's former self. The article touches on this:

> But complexity has a cost when multiple things collapse at once. The power business cratered in 2017 and the insurance liabilities exploded and oil prices collapsed. CEO John Flannery launched "Project Eisenhower," a secret plan to break up the company. His successor, Larry Culp, made it official: After 126 years, the conglomerate would split into three.

> The final irony? The same GE labs that created the first US jet engine, the MRI, and LED lighting still exist. In 2024, they're developing hydrogen-powered aircraft engines and 3D-printing technology that would have amazed Edison. But the conglomerate that funded them is gone.

>>itisha+xp
This is all from almost a decade ago. GE Vernova is doing fantastic.

Splitting the conglomerate was probably a wise move.