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| founders = {{ubl|[[Charles A. Coffin]]|[[Thomas Edison]]|[[Henry Lee Higginson|Henry L. Higginson]]<ref>{{cite book |last=Hall |first=Peter D. |author-link= |date=1984 |title=The Organization of American Culture, 1700–1900: Private Institutions, Elites, and the Origins of American Nationality |location= |publisher=New York University Press |page=237 |isbn=0-8147-3425-1 |quote=After mustering out, Henry Lee Higginson gave up his ambitions to become a musician and went into cotton farming and oil prospecting; by 1868, he was a partner in the family investment banking firm, Lee, Higginson & Company. As an entrepreneur, he became one of the most active and innovative organizers of national scale enterprise, ranging from western railroads and copper mines through the American Telephone & Telegraph Company, General Electric and General Motors.}}</ref><ref>{{cite book |last=Strouse |first=Jean |author-link= |date=2014 |orig-date=1999 |title=Morgan: American Financier |url=https://books.google.com/books?id=aPiLDQAAQBAJ&q=Jean+Strouse+Morgan+Financier |location= |publisher=Random House Trade Paperbacks |page=313 |isbn=978-0-8129-8704-1 |quote=...When [Charles] Coffin's banker, Henry Lee Higginson suggested a merger early in 1891, J.P. Morgan wrote back, 'The Edison system affords us all the use of time and capital that I think desirable to use in one channel. If, as would seem to be the case, you have the control of the Thomson-Houston, we will see which will make the best result. I do not see myself how the two things can be brought together.'[¶] A year later, [Morgan] had changed his mind—perhaps because Thomson-Houston was winning the marketplace war ... Morgan wrote to Higginson's associate T. Jefferson Coolidge in March of 1892: 'I entirely agree with you that it is desirable to bring about closer management between the two companies.'[¶] Morgan told Coolidge in March that [Henry] Villard's resignation would take effect on April 1, and urged that Coffin 'be then elected President of the Edison General Electric Company.' When the new firm was chartered in New York on April 1, 1892, however, with Coffin as its president, it was not called Edison General but General Electric. [¶] Each Edison share was converted into one share in the new company, while three Thomson-Houston shares brought five in GE. The bankers capitalized the consolidation at $50 million: $15 million went to the Edison stockholders, $18 million to Thomson-Houston's, and $17 million (in stock) into the GE treasury ... Morgan and Coster took seats on the GE board, as did Higginson, Coolidge and Edison...}}</ref>{{sfn|Carlson|1991|pp=294-296}}|[[J. P. Morgan]] (et al.){{resize|{{efn|[[Darius Ogden Mills|D.O. Mills]], [[T. Jefferson Coolidge|T.J. Coolidge]], [[Hamilton McKown Twombly|Hamilton M. Twombly]] and [[Frederick Lothrop Ames|Frederick L. Ames]] technically also qualify as founders because they all belonged to a committee responsible for overseeing the merger between [[Thomson-Houston Electric Company|Thomson-Houston Electric]] and Edison General Electric Company giving rise to General Electric in 1892.{{sfn|Carlson|1991|pp=294-295}} Likewise, following the merger, all four figures became members of the new company's board of directors.{{sfn|Carlson|1991|p=296}}}}}} | | founders = {{ubl|[[Charles A. Coffin]]|[[Thomas Edison]]|[[Henry Lee Higginson|Henry L. Higginson]]<ref>{{cite book |last=Hall |first=Peter D. |author-link= |date=1984 |title=The Organization of American Culture, 1700–1900: Private Institutions, Elites, and the Origins of American Nationality |location= |publisher=New York University Press |page=237 |isbn=0-8147-3425-1 |quote=After mustering out, Henry Lee Higginson gave up his ambitions to become a musician and went into cotton farming and oil prospecting; by 1868, he was a partner in the family investment banking firm, Lee, Higginson & Company. As an entrepreneur, he became one of the most active and innovative organizers of national scale enterprise, ranging from western railroads and copper mines through the American Telephone & Telegraph Company, General Electric and General Motors.}}</ref><ref>{{cite book |last=Strouse |first=Jean |author-link= |date=2014 |orig-date=1999 |title=Morgan: American Financier |url=https://books.google.com/books?id=aPiLDQAAQBAJ&q=Jean+Strouse+Morgan+Financier |location= |publisher=Random House Trade Paperbacks |page=313 |isbn=978-0-8129-8704-1 |quote=...When [Charles] Coffin's banker, Henry Lee Higginson suggested a merger early in 1891, J.P. Morgan wrote back, 'The Edison system affords us all the use of time and capital that I think desirable to use in one channel. If, as would seem to be the case, you have the control of the Thomson-Houston, we will see which will make the best result. I do not see myself how the two things can be brought together.'[¶] A year later, [Morgan] had changed his mind—perhaps because Thomson-Houston was winning the marketplace war ... Morgan wrote to Higginson's associate T. Jefferson Coolidge in March of 1892: 'I entirely agree with you that it is desirable to bring about closer management between the two companies.'[¶] Morgan told Coolidge in March that [Henry] Villard's resignation would take effect on April 1, and urged that Coffin 'be then elected President of the Edison General Electric Company.' When the new firm was chartered in New York on April 1, 1892, however, with Coffin as its president, it was not called Edison General but General Electric. [¶] Each Edison share was converted into one share in the new company, while three Thomson-Houston shares brought five in GE. The bankers capitalized the consolidation at $50 million: $15 million went to the Edison stockholders, $18 million to Thomson-Houston's, and $17 million (in stock) into the GE treasury ... Morgan and Coster took seats on the GE board, as did Higginson, Coolidge and Edison...}}</ref>{{sfn|Carlson|1991|pp=294-296}}|[[J. P. Morgan]] (et al.){{resize|{{efn|[[Darius Ogden Mills|D.O. Mills]], [[T. Jefferson Coolidge|T.J. Coolidge]], [[Hamilton McKown Twombly|Hamilton M. Twombly]] and [[Frederick Lothrop Ames|Frederick L. Ames]] technically also qualify as founders because they all belonged to a committee responsible for overseeing the merger between [[Thomson-Houston Electric Company|Thomson-Houston Electric]] and Edison General Electric Company giving rise to General Electric in 1892.{{sfn|Carlson|1991|pp=294-295}} Likewise, following the merger, all four figures became members of the new company's board of directors.{{sfn|Carlson|1991|p=296}}}}}} | ||
}} | }} | ||
| location = [[One Financial Center]]<br /> | | location = [[One Financial Center]]<br />Boston, Massachusetts, U.S. | ||
| area_served = Worldwide | | area_served = Worldwide | ||
| revenue = {{increase}} {{US$|68 billion|link=yes}} (2023) | | revenue = {{increase}} {{US$|68 billion|link=yes}} (2023) | ||
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}} | }} | ||
'''General Electric Company''' ('''GE''') was an American [[Multinational corporation|multinational]] [[Conglomerate (company)|conglomerate]] founded in 1892, incorporated in the [[New York (state)|state of New York]] and headquartered in | '''General Electric Company''' ('''GE''') was an American [[Multinational corporation|multinational]] [[Conglomerate (company)|conglomerate]] founded in 1892, incorporated in the [[New York (state)|state of New York]] and headquartered in Boston. The company had several divisions, including [[GE Aerospace|aerospace]], [[GE Power|energy]], [[GE Healthcare|healthcare]], and [[GE Capital|finance]].<ref>{{cite book |title=A Dictionary of Aviation |first=David W. |last=Wragg |isbn=9780850451634 |edition=first |publisher=Osprey |year=1973 |page=142}}</ref><ref name="Dismantle">{{Cite web |last=Egan |first=Matt |date=June 13, 2018 |title=Inside the dismantling of GE |url=https://money.cnn.com/interactive/news/GE-dismantling-interactive/ |url-status=live |archive-url=https://web.archive.org/web/20180613190108/http://money.cnn.com/interactive/news/GE-dismantling-interactive/ |archive-date=June 13, 2018 |work=CNN Money}}</ref><ref>{{cite web|url=https://www.ge.com/investor-relations/sites/default/files/GE_AR17.pdf#page=38|page=26|title=2017 Annual Report SEC Form 10-K Summary of Operating Segments|publisher=GE|access-date=April 12, 2018|archive-url=https://web.archive.org/web/20180412212038/https://www.ge.com/investor-relations/sites/default/files/GE_AR17.pdf#page=38|archive-date=April 12, 2018|url-status=dead}}</ref><ref name="Chesto">{{Cite news |last=Chesto |first=Jon |date=2 August 2021 |title=GE stock is now trading at $100 but the company's turnaround efforts still have a ways to go |work=[[The Boston Globe]] |url=https://www.bostonglobe.com/2021/08/02/business/ge-stock-is-now-trading-100-companys-turnaround-efforts-still-have-ways-go/ |access-date=29 July 2022 |archive-date=August 3, 2021 |archive-url=https://web.archive.org/web/20210803163902/https://www.bostonglobe.com/2021/08/02/business/ge-stock-is-now-trading-100-companys-turnaround-efforts-still-have-ways-go/ |url-status=live }}</ref> | ||
In 2020, GE ranked among the [[Fortune 500|''Fortune'' 500]] as the 33rd largest firm in the United States by [[gross revenue]].<ref>{{Cite web|title=Fortune 500|url=https://fortune.com/company/general-electric/fortune500/|access-date=August 10, 2020|website=Fortune|language=en-US|archive-date=August 6, 2020|archive-url=https://web.archive.org/web/20200806105729/https://fortune.com/company/general-electric/fortune500/|url-status=live}}</ref> In 2023, the company was ranked 64th in the [[Forbes Global 2000]].<ref>{{Cite web|language=en|url=https://www.forbes.com/lists/global2000/?sh=51d599675ac0|title=The Global 2000 2023|website=Forbes|access-date=2024-02-07|archive-date=2024-01-29|archive-url=https://web.archive.org/web/20240129031905/https://www.forbes.com/lists/global2000/?sh=4f5ab07e5ac0}}</ref> In 2011, GE ranked among the Fortune 20 as the 14th most profitable company, but later very severely underperformed the market (by about 75%) as its profitability collapsed.<ref>{{Cite news|url=https://www.wsj.com/articles/ge-powered-the-american-centurythen-it-burned-out-11544796010|title=GE Powered the American Century – Then It Burned Out|author1=Thomas Gryta |author2=Tedd Mann|newspaper=The Wall Street Journal|date=December 14, 2018|access-date=August 11, 2019|archive-url=https://web.archive.org/web/20190810053236/https://www.wsj.com/articles/ge-powered-the-american-centurythen-it-burned-out-11544796010|archive-date=August 10, 2019|url-status=live}}</ref><ref>{{Cite web|url=https://fortune.com/longform/ge-decline-what-the-hell-happened/|title=What the Hell Happened at GE?|website=Fortune|access-date=August 11, 2019|archive-url=https://web.archive.org/web/20190811113234/https://fortune.com/longform/ge-decline-what-the-hell-happened/|archive-date=August 11, 2019|url-status=live}}</ref><ref name="Fortune 500: IBM profit">{{cite magazine |url=https://money.cnn.com/galleries/2011/fortune/1104/gallery.fortune500_most_profitable.fortune/14.html |title=Fortune 20 most profitable companies: IBM |year=2011 |magazine=[[Fortune (magazine)|Fortune]] |access-date=December 17, 2010 |archive-url=https://web.archive.org/web/20110508122544/http://money.cnn.com/galleries/2011/fortune/1104/gallery.fortune500_most_profitable.fortune/14.html |archive-date=May 8, 2011 |url-status=live }}</ref> Two employees of GE—[[Irving Langmuir]] (1932) and [[Ivar Giaever]] (1973)—have been awarded the [[Nobel Prize]].<ref>{{cite web |title=Heritage of Research |publisher=General Electric |url=http://www.ge.com/about-us/history/research-heritage |access-date=June 1, 2016 |archive-url=https://web.archive.org/web/20160810030100/https://www.ge.com/about-us/history/research-heritage |archive-date=August 10, 2016 |url-status=live }}</ref> | In 2020, GE ranked among the [[Fortune 500|''Fortune'' 500]] as the 33rd largest firm in the United States by [[gross revenue]].<ref>{{Cite web|title=Fortune 500|url=https://fortune.com/company/general-electric/fortune500/|access-date=August 10, 2020|website=Fortune|language=en-US|archive-date=August 6, 2020|archive-url=https://web.archive.org/web/20200806105729/https://fortune.com/company/general-electric/fortune500/|url-status=live}}</ref> In 2023, the company was ranked 64th in the [[Forbes Global 2000]].<ref>{{Cite web|language=en|url=https://www.forbes.com/lists/global2000/?sh=51d599675ac0|title=The Global 2000 2023|website=Forbes|access-date=2024-02-07|archive-date=2024-01-29|archive-url=https://web.archive.org/web/20240129031905/https://www.forbes.com/lists/global2000/?sh=4f5ab07e5ac0}}</ref> In 2011, GE ranked among the Fortune 20 as the 14th most profitable company, but later very severely underperformed the market (by about 75%) as its profitability collapsed.<ref>{{Cite news|url=https://www.wsj.com/articles/ge-powered-the-american-centurythen-it-burned-out-11544796010|title=GE Powered the American Century – Then It Burned Out|author1=Thomas Gryta |author2=Tedd Mann|newspaper=The Wall Street Journal|date=December 14, 2018|access-date=August 11, 2019|archive-url=https://web.archive.org/web/20190810053236/https://www.wsj.com/articles/ge-powered-the-american-centurythen-it-burned-out-11544796010|archive-date=August 10, 2019|url-status=live}}</ref><ref>{{Cite web|url=https://fortune.com/longform/ge-decline-what-the-hell-happened/|title=What the Hell Happened at GE?|website=Fortune|access-date=August 11, 2019|archive-url=https://web.archive.org/web/20190811113234/https://fortune.com/longform/ge-decline-what-the-hell-happened/|archive-date=August 11, 2019|url-status=live}}</ref><ref name="Fortune 500: IBM profit">{{cite magazine |url=https://money.cnn.com/galleries/2011/fortune/1104/gallery.fortune500_most_profitable.fortune/14.html |title=Fortune 20 most profitable companies: IBM |year=2011 |magazine=[[Fortune (magazine)|Fortune]] |access-date=December 17, 2010 |archive-url=https://web.archive.org/web/20110508122544/http://money.cnn.com/galleries/2011/fortune/1104/gallery.fortune500_most_profitable.fortune/14.html |archive-date=May 8, 2011 |url-status=live }}</ref> Two employees of GE—[[Irving Langmuir]] (1932) and [[Ivar Giaever]] (1973)—have been awarded the [[Nobel Prize]].<ref>{{cite web |title=Heritage of Research |publisher=General Electric |url=http://www.ge.com/about-us/history/research-heritage |access-date=June 1, 2016 |archive-url=https://web.archive.org/web/20160810030100/https://www.ge.com/about-us/history/research-heritage |archive-date=August 10, 2016 |url-status=live }}</ref> | ||
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|- style="vertical-align: top; text-align: left;" | |- style="vertical-align: top; text-align: left;" | ||
| rowspan="1" | | | rowspan="1" | Boston | ||
!style="background: #ddcef2;"| WJIB 96.9 | !style="background: #ddcef2;"| WJIB 96.9 | ||
| 1972–1983 | | 1972–1983 |
edits