14 Facts About General Electric


General Electric Company is an American multinational conglomerate founded in 1892, and incorporated in New York state and headquartered in Boston.

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General Electric was incorporated in New York, with the Schenectady plant used as headquarters for many years thereafter.

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In 1893, General Electric bought the business of Rudolf Eickemeyer in Yonkers, New York, along with all of its patents and designs.

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In 1896, General Electric was one of the original 12 companies listed on the newly formed Dow Jones Industrial Average, where it remained a part of the index for 122 years, though not continuously.

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In 1911, General Electric absorbed the National Electric Lamp Association into its lighting business.

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In 1930, General Electric was charged with antitrust violations and was ordered to divest itself of RCA.

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Company owned television stations such as KOA-TV in Denver and WSIX-TV in Nashville, but like WRGB, General Electric sold off most of its broadcasting holdings, but held on to the Denver television station until in 1986, when General Electric bought out RCA and made it into an owned-and-operated station by NBC.

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Later in 2014, General Electric announced plans to open its global operations center in Cincinnati, Ohio.

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In 2018, General Electric changed the discount rate used to calculate the actuarial liabilities of its pension plans.

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In November 2020, General Electric warned it would be cutting jobs waiting for a recovery due to the COVID-19 pandemic.

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General Electric was a longtime "dividend aristocrat" .

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General Electric continued to lose value after being removed from the index.

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In 1959, General Electric was accused of promoting the largest illegal cartel in the United States since the adoption of the Sherman Antitrust Act in order to maintain artificially high prices.

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General Electric is seeking to have a 50:50 male to female gender representation in all entry-level technical programs.

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