"Big Business" N ° 72: GE, the American icon, is scuttled

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What news ! Last Tuesday, General Electric announced its plan to split into three companies, one in aeronautics, the other in health and the third in energy. It's a shock when you remember what GE was, the monument of American capitalism. It is more than a century old company, founded on the inventions of Thomas Edison. It was the largest market capitalization in the world (nearly $ 600 billion in the year 2000) and its then leader, Jack Welch, was an icon, dubbed by

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The scuttling announced by CEO Larry Culp - the first GE executive not to have made a career there since ... the 19th century - obviously poses a big question: is the conglomerate an effective model?

This question seems all the more relevant given that two other groups have also announced in recent days splitting operations: the American pharmaceutical leader Johnson & Johnson

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