general electric 3
DESCRIPTION
General ElectricTRANSCRIPT
imagination at work
• The General Electric Company (GE) is a multinational American
technology and services conglomerate incorporated in the
state of New York
• Founder: Thomas Edison
• Business type is public
• Chairman and CEO: Jeff Immelt
• Vice chairman, CFO: Keith Sherin
• Headquarters: Fairfield, Connecticut
• Industry: Conglomerate
General Overview
General Electric Headquarters, Fairfield Connecticut
How it started
• In 1876, Thomas Edison invented one of the Greatest invention ever.
• Incandescent Electric Lamp
• Founded Edison General Electric Company1878
• Organized various business into Edison General Electric Company1890
• General Electric Company was formed1892
How it started
Services
Energy Infrastructure
Technology Infrastructure
NBC Universal
GE CapitalHome & Business Solutions
Company Overview
• US$ 150.211 billion Revenue
• US$ 15.166 billion Operating income
• US$ 12.163 billion Net Income
• US$ 751.216 billion Total assets
• US$ 124.198 billion Total equity
• 287,000Employees
Energy Infrastructure
“How we manage energy today will determine the kind of world we live in Tomorrow”
Development, Implementation & Improvement of products & technologies that harness resources such as wind, oil, gas and water.
Operations located • North America, • Europe, • Asia, • South America.
Energy serves• Power generation, • Industrial, • Govt. & Customers worldwide
Offers• Wind turbines • Solar technology
Sells• Aircraft engine • Gas turbines and • Generators
Energy Infrastructure
Technology Infrastructure
“Moving toward Digital Hospital”
Technology Infrastructure
Aviation Healthcare Transportation
“15,000 GE locomotive engines on the world’s rail”
Operations are located in North America, Europe, Asia & South America.
Aviation produces, sells and provide services• Jet engines,• Turbo shaft engines • replacement parts for military and commercial aircraft.
Healthcare manufactures and provide services• Medical equipment • Diagnostic imaging systems
Transportation manufactures and provide servc• High-horsepower Diesel-electric locomotives• Gearing technology solutions
Technology Infrastructure
NBC Universal
“GE has used its global presence and new technologies to make life easier and enjoyable for people around the world”
GE holding 49% stake in NBCU
Engaged in production and distribution of film and television programs.
Owns• Universal Pictures• Theme park Universal Studios Hollywood,• Universal Studios Florida and
Broadcasts• 26 television stations• 5,000 hours of TV programming yearly
Rights to • 2012 Olympic Games, • National Football League • Sunday Night Football.
NBC Universal
GE Capital
“As businesses seek new ways to finance their operations and grow in their current environment, They turn to GE ”
“Our array of financial products and services enable our costumers to meet their goals”
GE Capital businesses offer a range of financial services and products worldwide for businesses of all sizes.
Services include • Commercial loans and leases, • Fleet management, • Financial programs, • Home loans, • Credit cards, • Personal loans .• Strategic partnerships and joint ventures.
Energy Financial Services offers• Equity, • Debt,• Leasing,• Partnership financing, • Project finance and
GE Capital
Home and Business Solutions
Home and Business Solutions
Appliances Lighting
“ Our company began with the invention of the world’s first affordable Incandescent lamp. A century later ,GE is still bringing light to your world ”
Appliances and Lighting sells and services
Home appliances include • Refrigerators, • Freezers, • Electric and gas ranges, • Cook tops, • Dishwashers, • Clothes washers and • Dryers
Lamp products
• Lines of incandescent,• Halogen, fluorescent, • High-intensity discharge, • Light-emitting diode,
Home and Business Solutions
Acquisitions
• 1986, GE reacquired RCA• 2002, GE bought wind turbine manufacturing assets of Enron
Wind• 2004, GE bought 80% of Universal Pictures• 2007, GE acquired Smiths Aerospace for $4.8 billion.• 2010, GE acquired gas engines manufacture Dresser Inc. for
$3 billion • 2010: GE buy oil sector company British Wellstream Holding Plc.
an oil drilling pipe maker for $1.3 billion
Corporate Recognition and Rankings
• Fortune ranked GE the 6th largest firm in the U.S.• 50 Most Powerful Women • 2010 Working Mother 100 Best Companies• The 25 Most Innovative Companies 2010• World's Most Admired Companies• World's Most Ethical Companies• The World's Most Innovative Companies• Best Companies for Leadership• Global 100 Most Sustainable Corporations in the World• The World's 25 Most Inventive Companies
Legal Issues
• August 4, 2009 : The SEC fined GE $50 million for breaking accounting rules in two separate cases, misleading investors into believing GE would meet or beat earnings expectations.
• GE has faced criminal action regarding its defense related operations. GE was convicted in 1990 of defrauding the US Department of Defense, and again in 1992 on charges of corrupt practices in the sale of jet engines to Israel
Recent controversies
• During the 2011 Fukushima I Nuclear Power Plant catastrophe it became public that the six nuclear reactors in the plant had been designed by General Electric and that critics had opposed GE's design as far back as 1972.
• March 2011, The New York Times reported that despite earning $14.2 billion in worldwide profits, including more than $5 billion from U.S. operations, GE did not owe taxes in 2010. General Electric had a tax benefit of $3.2 billion
Environmental record
GE has a history of some of its activities giving rise to large-scale air and water pollution
• Fourth-largest corporate producer of air pollution in U.S.
• Implicated in the creation of toxic waste.
• Payed $250 million settlement in connection with claims it polluted the Housatonic river with polychlorinated biphenyls and other hazardous substances.
• GE discharged as much as 1.3 million pounds of PCBs from its capacitor manufacturing plants at the Hudson Falls and Fort Edward upstate New York facilities into the Hudson River
Pollution
Environmental Initiatives
• Invested more than $850 million in renewable energy technology 2002
• Launch of a program called "Ecomagination,2005• $1.4 billion in clean technology research and
development in 2008 • Licensed solar thermal technology from California-based
eSolar for use in power plants 2011• Replacement Energy Smart LED bulb by 2011
Thank you..
Presented By :Aman GagandeepSulagnaSunny