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Ken and today we take a look at one of
the most successful companies ever
General Electric now ge can trace its
roots back to 1876 when Thomas Edison
set up a lab in New Jersey by 1890 he
set up the Edison General Electric
Company to bundle all of the different
patents and discoveries that he was
making in fact Edison is known to be one
of the most prolific inventors of all
time with over eleven hundred patents in
the u.s. Germany France and the UK but
of course he’s known for his most
popular invention of all time the light
bulb General Electric was officially
baptized in 1892 when financier JP
Morgan orchestrated a merger with the
Thomas Houston Electric Company and by
1896 ge was one of the first twelve
companies listed on the New York Stock
Exchange by 1919 ge got its first flavor
for media by sending up the Radio
Corporation of America or RCA to develop
and commercialize international radio by
the 1960s there were more and more
relaxed tax laws in the US by then GE
had become one of the first
conglomerates before the term was even
coined ge today is a multinational
conglomerate with its world headquarters
in Fairfield Connecticut it’s New York
offices are obviously in the Rockefeller
Center prominently known as the GE
building which has the famous GE logo on
top like most successful corporations G
is at its fair share of criticism and
even face legal action in 1990 ge was
convicted of defrauding the US
Department of Defense in 1992 was
charged with corrupt practices in the
sale of jet engines to Israel but wait
there’s more in addition to its defense
related side it’s also face charges of
pollution of air and water in fact G is
listed as the fourth largest corporate
producer of air pollution in the US with
more than 4.4 million pounds per year of
toxic chemicals released into the air
ge has one of the most powerful brands
in the world with brand equity measured
at almost 50 billion dollars but since
GE gets over half of its revenue from
its financial arm many simply call it a
financial company with a manufacturing
arm General Electric has become
synonymous with developing some of the
most top-rated executives around the
world and that’s why ge is consistently
ranked by both Forbes fortune and many
others as one of the most admired
companies
in the world
Ken and today we take a look at one of
the most successful companies ever
General Electric now ge can trace its
roots back to 1876 when Thomas Edison
set up a lab in New Jersey by 1890 he
set up the Edison General Electric
Company to bundle all of the different
patents and discoveries that he was
making in fact Edison is known to be one
of the most prolific inventors of all
time with over eleven hundred patents in
the u.s. Germany France and the UK but
of course he’s known for his most
popular invention of all time the light
bulb General Electric was officially
baptized in 1892 when financier JP
Morgan orchestrated a merger with the
Thomas Houston Electric Company and by
1896 ge was one of the first twelve
companies listed on the New York Stock
Exchange by 1919 ge got its first flavor
for media by sending up the Radio
Corporation of America or RCA to develop
and commercialize international radio by
the 1960s there were more and more
relaxed tax laws in the US by then GE
had become one of the first
conglomerates before the term was even
coined ge today is a multinational
conglomerate with its world headquarters
in Fairfield Connecticut it’s New York
offices are obviously in the Rockefeller
Center prominently known as the GE
building which has the famous GE logo on
top like most successful corporations G
is at its fair share of criticism and
even face legal action in 1990 ge was
convicted of defrauding the US
Department of Defense in 1992 was
charged with corrupt practices in the
sale of jet engines to Israel but wait
there’s more in addition to its defense
related side it’s also face charges of
pollution of air and water in fact G is
listed as the fourth largest corporate
producer of air pollution in the US with
more than 4.4 million pounds per year of
toxic chemicals released into the air
ge has one of the most powerful brands
in the world with brand equity measured
at almost 50 billion dollars but since
GE gets over half of its revenue from
its financial arm many simply call it a
financial company with a manufacturing
arm General Electric has become
synonymous with developing some of the
most top-rated executives around the
world and that’s why ge is consistently
ranked by both Forbes fortune and many
others as one of the most admired
companies
in the world
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