So it comes down to –
once arguably the largest of American companies, will cease to exist, at least as the industrial titan it once was.
After more than 20 years of decline, the company is entering the final phase of a process of slowly dismantling the General Electric of yesteryear—the powerhouse company founded by Thomas Edison doesn’t even make light bulbs anymore—until only three parts remain. . Soon those units – GE’s aerospace, energy and healthcare businesses – will be split into separate companies, starting with GE Healthcare, which could be spun off in early 2023. It’s a sad ending for a giant humiliated by missteps.