Our Team Proven leaders with deep domain experience in energy, automotive and sustainability. Dimitri Kazarinoff CEO. Cielo M. Hernandez Chief Financial Officer. Sandra Ponichtera VP of People. Board of Directors. Deb Frodl Board Chair. Dimitri Kazarinoff Read Bio. Dimitri Kazarinoff. Tod Hynes Read Bio. Tod Hynes. Main article: List of assets owned by General Electric. Main article: Pollution of the Hudson River. See also: General Electric Theater.
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Therefore, if GE's apparatus caught on, it was expected to help make hydrogen-powered vehicles popular, by bringing the price of a kilogram of hydrogen down to the price of a gallon of gasoline.
Case Studies in Business Ethics - Vol. The company "plans to build the largest solar-panel-making factory in the U. Jeffrey Immelt is the current chairman of the board and chief executive officer of GE. Jack Welch following his retirement. Immelt has also been selected as one of President Obama's financial advisors concerning the economic rescue plan.
Through these businesses, GE participates in a wide variety of markets including the generation, transmission and distribution of electricity e. It has a presence in over countries. GE also produces General Imaging digital cameras. Since over half of GE's revenue is derived from financial services , it is arguably a financial company with a manufacturing arm.
It is also one of the largest lenders in countries other than the United States, such as Japan. In , Fortune ranked GE the 6th largest firm in the U.
The changes included a new corporate color palette, small modifications to the GE logo, a new customized font GE Inspira , and a new slogan, "imagination at work" replacing the longtime slogan "We Bring Good Things to Life", composed by David Lucas.
The standard requires many headlines to be lowercased and adds visual "white space" to documents and advertising to promote an open and approachable company. The changes were designed by Wolff Olins and are used extensively on GE's marketing, literature and website. General Electric's formal organizational structure involves a hierarchal system as Max Weber, a German sociologist, describes as a form of bureaucracy that follows general rules of super and subordination.
Immelt, acts as the intermediary between the top of the structure and the presidents of the seven sectors. Maintaining a strict sense of hierarchal control, GE operates in large part like a small, uncluttered business in which employees have the ability to move the company forward without any bureaucratic roadblocks.
As of , there are senior executives who serve as "growth leaders" at head of GE's different sectors. These leaders are expected to work and talk to their employees and promote the corporate culture of creating and bringing ideas to life.
The corporate culture inspires people to move the world forward with GE. Middle managers at GE serve as the facilitators between the executive leaders and the floor employees. In a company as large as GE, it is essential that middle managers not only prove excellence in production but also are good team players who listen and work with employees. As sociologist Frederick W. Taylor would note, this approach in which the initiative of the employees is coupled with the work of the managers exhibits scientific management, [ 54 ] which proves more efficient than the motives of the two to be independent.
Jack Welch wanted to make employees feel like they were an essential part of the business. The task of increasing productivity was no longer left to managers but now people on the factory floors. Elton Mayo describes in a study in which factory managers interviewed workers for their input, how employees are thrilled to be listened to.
The system did not contradict the hierarchal system in place but rather increased involvement as employees were now more committed to their productivity. In a company with hundreds of thousands of employees, the position of the CEO is to appoint the best people on the largest opportunities, providing them with the best resources and to get out of their way.
Executive leaders are then responsible to meet with thousands of employees throughout the company to construct a plan early in the year and establish goals and tasks for the middle managers. The design of the compensation program at GE is constructed to support the leadership development and long-term emphasis of the company.
GE has always taken a long-term view through its more than year history and keeps the development of its leaders as one of the hallmarks of the Company. Welch Leadership Center. Performance measurement and compensation are aligned at GE. By not making it completely a numbers game, managers are encouraged to innovate and progress the business of GE in new ways.
General Electric buys dozens of firms every year. The acquisitions help GE to obtain new technologies and enter new markets. Their design had been criticised as far back as This same article also pointed out that GE has reduced its American workforce by one fifth since GE has a history of some of its activities giving rise to large-scale air and water pollution.
Based on year data, [ 64 ] researchers at the Political Economy Research Institute listed the corporation as the fourth-largest corporate producer of air pollution in the United States, with more than 4. From approximately to , GE discharged as much as 1. In , acting on concerns that the plan proposed by GE did not "provide for adequate protection of public health and the environment," the United States Environmental Protection Agency issued a unilateral administrative order for the company to "address cleanup at the GE site" in Rome, Georgia, also contaminated with PCBs.
The nuclear reactors involved in the crisis at Fukushima I in Japan are GE designs, [ 73 ] and the architectural designs were done by Ebasco, [ 74 ] formerly owned by GE. Concerns over the design and safety of these reactors were raised as early as On June 6, , GE announced that it has licensed solar thermal technology from California-based eSolar for use in power plants that use both solar and natural gas.
On May 26, , GE unveiled its EV Solar Carport, a carport that incorporates solar panels on its roof, with electric vehicle charging stations under its cover. Immelt's credibility as a spokesman on national environmental policy is fatally flawed because of his company's intransigence in cleaning up its own toxic legacy.
As of October , the scheme had resulted in 70 green products being brought to market, ranging from halogen lamps to biogas engines. GE General Electric Energy's renewable energy business has expanded greatly, to keep up with growing U. In August it acquired Kelman Ltd, [ 82 ] a Northern Ireland company specializing in advanced monitoring and diagnostics technologies for transformers used in renewable energy generation, and announced an expansion of its business in Northern Ireland in May GE Energy and Orion New Zealand Limited Orion have announced implementation of the first phase of a GE network management system to help improve power reliability for customers.
The system of smart grid technologies will significantly improve the network company's ability to manage big network emergencies and help it to restore power faster when outages occur. GE has faced criminal action regarding its defense related operations.
GE was convicted in of defrauding the US Department of Defense, and again in on charges of corrupt practices in the sale of jet engines to Israel. In the 's GE sponsored Ronald Reagan's TV career and launched him on the lecture circuit as a crusader against big government, which is consistent with conservative ideology.
Although it can be argued that GE traditionally supported Republicanism, GE's record with designing social programs, supporting civil rights organizations, and funding minority education programs, suggests willingness to support philanthropic programs usually associated with liberal Democrats.
GE was the focus of a short subject Academy Award-winning documentary, Deadly Deception: General Electric, Nuclear Weapons, and Our Environment , [ 94 ] that juxtaposed GE's "We Bring Good Things To Life" commercials with the true stories of workers and neighbors whose lives have been affected by the company's activities involving nuclear weapons.
In the early s Kurt Vonnegut was a writer for General Electric. A number of his novels and stories notably Cat's Cradle refer to the fictional city of Ilium, which appears to be loosely based on Schenectady, New York. Chat WhatsApp. Main article: Radio Corporation of America. Main article: GE Energy. Companies portal. GE company website. Retrieved January 25, General Electric. Retrieved December 22,
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