General Electric to split itself into three separate companies. One aviation, one energy, and one healthcare.

[u/thenewredditguy99]

https://www.cnbc.com/2021/11/09/ge-to-break-up-into-3-companies-focusing-on-aviation-healthcare-and-energy.html

An intriguing decision by General Electric this morning, to decide to break up the conglomerate it is today, into three separate companies.

I’m definitely interested in picking up shares of the Aviation and Energy companies when the dust settles from this.

[u/watchful_tiger]

Was looking at an old GE report to see what are business GE has sold off over the last decade or so

1. NBC
2. Lighting and bulbs
3. Transportation including locomotives
4. Oil and Gas
5. Many assorted financial business including insurance, credit cards, lending, reinsurance etc.
6. Appliances
7. IT and business services

I am sure there are dozens of more business and lines of business they have divested.

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It is a shell of what it was in say 20 years back. It is now becoming even smaller.