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In addition to posting Q2 earnings, GE (GE +1%) says it will split its energy business into...

In addition to posting Q2 earnings, GE (GE +1%) says it will split its energy business into three stand-alone entities to cut costs starting in this year's Q4. The three new businesses will report to GE Chairman and CEO Jeff Immelt. The total energy infrastructure unit employs 100K; revenue is expected to total ~$50B this year.
Comments (2)
  • Comments, SA community.

     

    Real change or blue smoke and mirrors?
    20 Jul 2012, 07:15 PM Reply Like
  • What div's are considered energy? 100K employees, that's got to be a lot of divs? Electrical distribution,more than just windmills and turbines? Solar? How does this do anything? anyway, they report to Imelt...don't they all eventually?
    21 Jul 2012, 05:23 AM Reply Like
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