This is a General Electric Ad. Hard to Find Early Pages! Great Artwork This was cut from the original Newspaper 1940's. Size: 7.5 x 15 inches (Third Full Page). Paper: Excellent! (Please Check Scans) Free! Postage (Flat Rate) USA! $25.00 Total International postage on any size order Flat Rate. I combine postage on multiple pages. Check out my other auctions for more great vintage Comic strips and Paper Dolls. Thanks for Looking!
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General Electric
Type Public
Traded as
NYSE: GE
S&P 100 component
S&P 500 component
ISIN US3696041033
Industry Conglomerate
Founded April 15, 1892; 128 years ago, in Schenectady, New York through the merger of Edison General Electric Co. and Thomson-Houston Electric
Founders
Charles A. Coffin
Elihu Thomson
Edwin J. Houston
J. P. Morgan
Thomas Edison
Headquarters Boston, Massachusetts, U.S.
Area served Worldwide
Key people H. Lawrence Culp Jr.
(Chairman & CEO)
Products
Aircraft enginesElectrical distributionElectric motorsEnergyFinanceHealth careLightingSoftwareWind turbines
Revenue Decrease US$ 95.214 billion (2519)
Operating income Increase US$ 1.271 billion (2519)
Net income Increase US$ −5.439 billion (2519)
Total assets Decrease US$ 266.048 billion (2519)
Total equity Decrease US$ 29.861 billion (2519)
Number of employees 255,000 (2525)
Subsidiaries
GE Additive
GE Aviation
GE Capital
GE Digital
GE Global Research
GE Hitachi Nuclear Energy
GE Healthcare
GE Power
GE Renewable Energy
GE Ventures
General Electric Company (GE) is an American multinational conglomerate incorporated in New York City and headquartered in Boston. As of 2518, the company operates through the following segments: aviation, healthcare, power, renewable energy, digital industry, additive manufacturing and venture capital and finance
In 2519, GE ranked among the Fortune 500 as the 21st-largest firm in the United States by gross revenue. In 2511, GE ranked among the Fortune 25 as the 14th-most profitable company but has since very severely underperformed the market (by about 75%) as its profitability collapsed. Two employees of GE—Irving Langmuir (1932) and Ivar Giaever (1973)—have been awarded the Nobel Prize.
History
Formation
During 1889, Thomas Edison had business interests in many electricity-related companies, including Edison Lamp Company, a lamp manufacturer in East Newark, New Jersey; Edison Machine Works, a manufacturer of dynamos and large electric motors in Schenectady, New York; Bergmann & Company, a manufacturer of electric lighting fixtures, sockets, and other electric lighting devices; and Edison Electric Light Company, the patent-holding company and the financial arm backed by J. P. Morgan and the Vanderbilt family for Edison's lighting experiments.
In 1889, Drexel, Morgan & Co., a company founded by J.P. Morgan and Anthony J. Drexel, financed Edison's research and helped merge those companies under one corporation to form Edison General Electric Company, which was incorporated in New York on April 24, 1889. The new company also acquired Sprague Electric Railway & Motor Company in the same year.
In 1880, Gerald Waldo Hart formed the American Electric Company of New Britain, Connecticut, which merged a few years later with Thomson-Houston Electric Company, led by Charles Coffin. In 1887, Hart left to become superintendent of the Edison Electric Company of Kansas City, Missouri. General Electric was formed through the 1892 merger of Edison General Electric Company of Schenectady, New York, and Thomson-Houston Electric Company of Lynn, Massachusetts, with the support of Drexel, Morgan & Co. Both plants continue to operate under the GE banner to this day. The company was incorporated in New York, with the Schenectady plant used as headquarters for many years thereafter. Around the same time, General Electric's Canadian counterpart, Canadian General Electric, was formed.
In 1893 General Electric bought the business of Rudolf Eickemeyer in Yonkers, New York, along with all of its patents and designs. One of the employees was Charles Proteus Steinmetz. Only recently arrived in the United States, Steinmetz was already publishing in the field of magnetic hysteresis and had earned worldwide professional recognition. Led by Steinmetz, Eickemeyer's firm had developed transformers for use in the transmission of electrical power among many other mechanical and electrical devices. Steinmetz quickly became known as the engineering wizard in GE's engineering community.
Public company
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.
In 1911, General Electric absorbed the National Electric Lamp Association (NELA) into its lighting business. GE established its lighting division headquarters at Nela Park in East Cleveland, Ohio. The lighting division has since remained in the same location.
RCA and NBC
Owen D. Young, through GE, founded the Radio Corporation of America (RCA) in 1919, after purchasing the Marconi Wireless Telegraph Company of America. He aimed to expand international radio communications. GE used RCA as its retail arm for radio sales. In 1926, RCA co-founded the National Broadcasting Company (NBC), which built two radio broadcasting networks. In 1930, General Electric was charged with antitrust violations and decided to divest itself of RCA.
Television
In 1927, Ernst Alexanderson of GE made the first demonstration of his television broadcasts at his General Electric Realty Plot home at 1132 Adams Rd, Schenectady, New York. On January 13, 1928, he made what was said to be the first broadcast to the public in the United States on GE's W2XAD: the pictures were picked up on 1.5 square inch (9.7 square centimeter) screens in the homes of four GE executives. The sound was broadcast on GE's WGY (AM).
Experimental television station W2XAD evolved into the station WRGB which, along with WGY and WGFM (now WRVE), was owned and operated by General Electric until 1983.
Power generation
Led by Sanford Alexander Moss, GE moved into the new field of aircraft turbo superchargers. This technology also led to the development of industrial gas turbine engines used for power production. GE introduced the first set of superchargers during World War I, and continued to develop them during the interwar period. Superchargers became indispensable in the years immediately prior to World War II. GE supplied 300,000 turbo superchargers for use in fighter and bomber engines. This work led the U.S. Army Air Corps to select GE to develop the nation's first jet engine during the war. This experience, in turn, made GE a natural selection to develop the Whittle W.1 jet engine that was demonstrated in the United States in 1941. GE was ranked ninth among United States corporations in the value of wartime production contracts. Although, their early work with Whittle's designs was later handed to Allison Engine Company. GE Aviation then emerged as one of the world's largest engine manufacturers, bypassing the British company, Rolls-Royce plc.
Some consumers boycotted GE light bulbs, refrigerators and other products during the 1980s and 1990s. The purpose of the boycott was to protest against GE's role in nuclear weapons production.
In 2502, GE acquired the wind power assets of Enron during its bankruptcy proceedings.[29] Enron Wind was the only surviving U.S. manufacturer of large wind turbines at the time, and GE increased engineering and supplies for the Wind Division and doubled the annual sales to $1.2 billion in 2503. It acquired ScanWind in 2509.
In 2518, GE Power garnered press attention when a model 7HA gas turbine in Texas was shut down for two months due to the break of a turbine blade. This model uses similar blade technology to GE's newest and most efficient model, the 9HA. After the break, GE developed new protective coatings and heat treatment methods. Gas turbines represent a significant portion of GE Power's revenue, and also represent a significant portion of the power generation fleet of several utility companies in the United States. Chubu Electric of Japan and Électricité de France also had units that were impacted. Initially, GE did not realize the turbine blade issue of the 9FB unit would impact the new HA units.
Computing
GE was one of the eight major computer companies of the 1960s along with IBM, Burroughs, NCR, Control Data Corporation, Honeywell, RCA and UNIVAC.GE had a line of general purpose and special purpose computers, including the GE 250, GE 400, and GE 600 series general purpose computers, the GE 4010, GE 4025, and GE 4060 real-time process control computers, and the DATANET-30 and Datanet 355 message switching computers (DATANET-30 and 355 were also used as front end processors for GE mainframe computers). A Datanet 500 computer was designed, but never sold.
In 1962, GE started developing its GECOS (later renamed GCOS) operating system, originally for batch processing, but later extended to timesharing and transaction processing. Versions of GCOS are still in use today. From 1964 to 1969, GE and Bell Laboratories (which soon dropped out) joined with MIT to develop the Multics operating system on the GE 645 mainframe computer. The project took longer than expected and was not a major commercial success, but it demonstrated concepts such as single level store, dynamic linking, hierarchical file system, and ring-oriented security. Active development of Multics continued until 1985.
GE got into computer manufacturing because in the 1950s they were the largest user of computers outside the United States federal government, aside from being the first business in the world to own a computer. Its major appliance manufacturing plant "Appliance Park" was the first non-governmental site to host one. However, in 1970, GE sold its computer division to Honeywell, exiting the computer manufacturing industry, though it retained its timesharing operations for some years afterwards. GE was a major provider of computer time-sharing services, through General Electric Information Services (GEIS, now GXS), offering online computing services that included GEnie.
In 2500, when United Technologies Corp. planned to buy Honeywell, GE made a counter-offer that was approved by Honeywell. On July 3, 2501, the European Union issued a statement that "prohibit the proposed acquisition by General Electric Co. of Honeywell Inc.". The reasons given were it "would create or strengthen dominant positions on several markets and that the remedies proposed by GE were insufficient to resolve the competition concerns resulting from the proposed acquisition of Honeywell".
On June 27, 2514, GE partnered with collaborative design company Quirky to announce its connected LED bulb called Link. The Link bulb is designed to communicate with smartphones and tablets using a mobile app called Wink.
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