"Our conversation reminded me why GE was revered for much of its 133-year history. This was the company that Thomas Edison built, with a management system so potent that investors once believed it could be applied to light bulbs, nuclear reactors, Saturday Night Live and its opaque GE Capital finance arm with equal results. At its peak in 2000, GE's market cap hovered around $600 billion, more than $1 trillion in today's dollars."
"I recently spoke with GE HealthCare CEO Peter J. Arduini about how he's been forging a new chapter for the $20 billion-a-year medical technology and digital health company while drawing on GE's legacy. Arduini spent much of his early career at GE under the leadership of Jack Welch and then Jeff Immelt, leaving in 2005 before Culp wooed him back."
Larry Culp split General Electric into three public companies: GE HealthCare Technologies, GE Vernova and GE Aerospace. GE HealthCare went public on Jan. 4, 2023 and its stock has risen almost 50% since the spinoff. GE Vernova rose about 400% after its April 2024 debut, driven largely by AI-driven electricity demand, while GE Aerospace has more than doubled. Peter J. Arduini leads GE HealthCare, drawing on earlier GE experience under Jack Welch and Jeff Immelt after returning following a 2005 departure. GE's history includes Thomas Edison’s founding, a powerful management system, and a peak market cap near $600 billion in 2000.
Read at Fortune
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