It has come to this: General Electric, once considered one of the most successful firms in the history of the United States, will cease to exist, at least as the industrial behemoth it once was.
After more than 20 years of decline, the company is entering the final stages of a process that has seen the General Electric of old slowly dismantled—the corporate powerhouse founded by Thomas Edison doesn’t even make lightbulbs anymore—until just three parts are left. This process has seen the company enter into the final stages of a process that has seen the company enter into the final stages of a process that has seen the company decline. These divisions, which include GE’s aviation, energy, and healthcare businesses, will soon be split off into their own independent corporations, beginning with GE Healthcare, which could happen as early as the beginning of 2023. It’s a sad ending for a giant that was brought down by their own mistakes.