Thomas Edison had many business interests and several electricity-related companies before 1889. In 1889 Drexel, Morgan & Co, a company formed by J.P. Morgan and Anthony Drexel, helped to merge those companies into Edison General Electric Company.
At the same time, Thomson-Houston Electric Company was growing and acquiring assets.
General Electric (GE) was formed by the merger of Edison General Electric Company and Thomson-Houston Electric Company.
In 1896 GE was one of the original 12 companies listed on the newly formed Dow Jones Industrial Average. Today it is one of the only original companies still listed, though it has not been listed continuously.
Today GE operates through five business segments: Energy, Capital Finance, Technology and Infrastructure, Transportation, and Consumer & Industrial.
GE is the sixth-largest company in the United States by gross revenue and the 14th most profitable. GE has 305,000 employees and had $147.359 billion in revenue in 2012.
General ElectricThomas Edison had many business interests and several electricity-related companies before 1889. In 1889 Drexel, Morgan & Co, a company formed by J.P. Morgan and Anthony Drexel, helped to merge those companies into Edison General Electric Company.
At the same time, Thomson-Houston Electric Company was growing and acquiring assets.
General Electric (GE) was formed by the merger of Edison General Electric Company and Thomson-Houston Electric Company.
History
In 1896 GE was one of the original 12 companies listed on the newly formed Dow Jones Industrial Average. Today it is one of the only original companies still listed, though it has not been listed continuously.
Today GE operates through five business segments: Energy, Capital Finance, Technology and Infrastructure, Transportation, and Consumer & Industrial.
GE is the sixth-largest company in the United States by gross revenue and the 14th most profitable. GE has 305,000 employees and had $147.359 billion in revenue in 2012.