Plantinseeds

Why GE's Selling Its Appliance Division

I have worked for GE 18 years. I was A VP in the Infrastructure group before I left. Today I own no GE stock except for what is in my retirement/pension/401...

GE is in alot of trouble and has been for quite some time.
1st you have to understand that in order to remain a business unit within GE you have to maintain either 1st or 2nd in your primary market focus. You fall to 3rd and stay there more than 30 months....your sold! Unless you are in the Industrial group.
GE considers the industrial group the business that brought them to the party. The IG has been declining for 2 decades. Energy and infrastrucure has been there 2 shiners over the past decade, but those BU'shave been historically manipulated so no one really knows what there true ROI is.

GE has changed dramatically in the past decade, going away from its industrial base and heading for finance, software platforms, biomedical and energy.
IG will be spun off on its own in the next 5 years. In 06 GE sold off its industrial distribution arm which was the 1st sign of things to come in that BU.

GE management is responsible for outsourcing its workforce oversees.
Heres a tidbit of info that is not known right before I go;
GE and TATA Group, lets just say they are learning the 2 step.