Jack Welch's legacy: value for shareholders, but not necessarily for workers

Mar 2, 2020
Once upon a time, GE put share owners last in line for company revenues. That changed in the '80s and '90s.
Former GE Chairman and CEO Jack Welch, left, and then-Chairman-Elect Jeffrey Immelt announce Immelt's appointment in 2000.
Doug Kanter/AFP via Getty Images

Jack Welch, former GE CEO, dead at 84

Mar 2, 2020
Welch led General Electric for two decades, during which the company's market value soared from $12 billion to $410 billion.
Welch led General Electric through two decades of massive growth and transformation, but wasn’t without his critics.
Thomas Lohnes/DDP/AFP via Getty Images

GE freezes pensions as the benefit becomes endangered in private sector

Oct 8, 2019
General Electric is freezing its pensions for 20,000 non-union workers and will offer pension buyouts for another 100,000 former employees. GE said the move will save $8 billion, part of a plan to shed some of the company’s considerable debt.…
Yasuyoshi Chiba/AFP/Getty Images

Could shedding assets spell a breakthrough for troubled GE?

Feb 25, 2019
General Electric today announced the sale of its biopharmaceutical business for more than $21 billion dollars. The buyer is Danaher Corporation, which happens to have been previously run by GE chief executive Larry Kulp, who served as chief executive at…

How state and local governments can protect themselves while trying to lure businesses

Feb 15, 2019
This week Amazon said it wouldn’t pursue a new headquarters in New York City and GE announced it’s dramatically downsizing its planned move to Boston. GE will now rent office space there, instead of building a 12-story office tower. It…
TIMOTHY A. CLARY/AFP/Getty Images

GE cuts dividend to a penny per share. Why bother keeping it at all?

Oct 30, 2018
The company says it will save nearly $4 billion.
Stan Honda/AFP/Getty Images

GE cuts dividend to a penny per share. Why bother keeping it at all?

Oct 30, 2018
The company says it will save nearly $4 billion.
Stan Honda/AFP/Getty Images

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General Electric: What's an industrial conglomerate to do?

Oct 1, 2018
General Electric told investors Monday it has ousted CEO John Flannery after only about a year in the job. The company said it’s also going to miss profit forecasts this year. These are tough times at one of America’s most…
SEBASTIEN BOZON/AFP/Getty Images

What it takes to thrive in a constantly changing workplace

Sep 17, 2018
Beth Comstock writes about guiding General Electric through breakthroughs and challenges in her new book.
Beth Comstock, then vice chair of business innovations at General Electric, speaks during the Fast Company Innovation Festival in 2015 in New York City.
Photo by Brad Barket/Getty Images for Fast Company

Who's better off in Erie's changing economy?

Feb 21, 2018
Local residents discuss the national — and their personal — economies.
Over drinks at the Polish Falcon, Erie residents discussed their personal economies.
Daisy Palacios/Marketplace