12 Most Admired Tech Companies In The World
#5 General Electric
Top 50 rank: 11
Rank in Electronics: 1 (Previous rank: 1)
Overall score: 6.90
Headquarters: Fairfield, CT.
Jeffrey R. Immelt is the chairman of the board and chief executive officer of GE
GE is an American multinational conglomerate corporation The company operates through four segments: Energy, Technology Infrastructure, Capital Finance and Consumer & Industrial. In 2011, GE ranked among the Fortune 500 as the 6th-largest firm in the U.S. by gross revenue, as well as the 14th most profitable. However, the company is currently listed the 3rd-largest in the world among the Forbes Global 2000, further metrics being taken into account.
Why it's admired:
The butt of 30 Rock jokes no more, this many-faceted corporate juggernaut saw an increase in profits across all divisions in the fourth quarter as it continues to pare back its business to its industrial roots. In the past year, GE sold its remaining stake in NBC Universal and trimmed GE Capital, the company's still substantial banking arm that led to trouble in the financial crisis. Meanwhile GE has been snapping up its industrial suppliers in an effort to move manufacturing of energy equipment, airplane engines, and other wares in house. Other areas of focus? Healthcare, power and water.
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