General Electric banners hangs on the facade of New York Stock Exchange Tuesday, April 2, 2024 in New York. General Electric has completed its split of the one-time conglomerate into three separate companies, as its aerospace and energy businesses prepare to start trading on the New York Stock Exchange as separate entities.
In its heyday, GE’s stock became one of the most sought after on Wall Street under Jack Welch, one of America's first CEO “superstars.” Nicknamed “the house that Jack built,” GE routinely outperformed peers and the broader market, helped in part by GE Capital, its financial wing. Through the 1990s, it returned 1,120.6% on investments. GE’s revenue grew nearly fivefold during the tenure of Welch — who was named chief executive in 1981 — and the company’s value increased 30-fold.
of the aviation business that is essentially the remaining core of GE, headed by CEO Larry Culp, is GE Aerospace. It makes jet and turboprop engines and retains the “GE” ticker. The health care business, called GE Healthcare, supplies diagnostic scanners, imaging patents and software. It began trading on the Nasdaq under the “GEHC” ticker symbol in January 2023.
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