Chronic. In 2015, Alstom sold its Energy division to General Electric (GE). The american group made an industrial capitalism is robust, innovation-based trades and state of the art. Jeff Immelt, its charismatic leader, had pleaded with president Obama’s renewal american industrialist. But General Electric is currently undergoing a serious test stock market : on Wall Street, the stock dropped 25 % since the beginning of 2017. The reactions were not slow. In early August, Jeff Immelt has anticipated his departure in favour of John Flannery and a financial fund joined the board of directors.
In France, job losses have been announced at Grenoble, and the doubt settles down on the commitments of GE at the time of the merger. The new CEO criticizes results ” bad ” and the announcement of the billion dollar economy and a massive plan of adjustment in November. But General Electric is it so sick ?
GE was born in 1893 from the merger between Thomson-Houston and Edison. The first was a pioneer of large electrical equipment : a heavy industry that has played a major role in the electrification of locomotives. The firm of Edison on the contrary, was a prodigious laboratory capable of exploring concepts that are very different from the electric lamp to the film studio, passing by the phonograph.
Technical power and inventive force
The new GE together, therefore, the technical power and the inventive force. We owe him a large number of innovations that create new sectors : energy, aircraft engines, medical imaging and health, transport, etc, today, GE is 300, 000 people in the world, worth $ 120 billion (103 billion euros) in revenue, a net profit of $ 7 billion and $ 5 billion of investment per year in research and development !
Since the crisis of 2008, the action GE has increased on a regular basis ; earnings and dividends…