Updated Aug. 5, 2022 12:23 pm ET / Original Aug. 5, 2022 4:00 am ET
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General Electric is entering the final stages of a process that has seen the company of old slowly dismantled until just three parts remain. Courtesy of GE
So, it comes to this— General Electric once arguably the greatest of American companies, will cease to exist, at least as the industrial titan it once was.
After more than 20 years of decline, the company is entering the final stages of a process that has seen the General Electric of old slowly dismantled—the corporate powerhouse founded by Thomas Edison doesn’t even make lightbulbs anymore—until just three parts remain. Soon, those units—GE’s aviation, energy, and healthcare businesses—will be separated into individual companies, starting with GE Healthcare, which could be spun off in early 2023. It’s a sad end for a giant humbled by missteps.