General Electric
once perhaps the greatest of American companies, will cease to exist, at least as the industrial titan it once was.
After more than 20 years of decline, the company is entering the final stages of a process in which the erstwhile General Electric is slowly disintegrating — the corporate powerhouse founded by Thomas Edison no longer even makes light bulbs — until only three parts remain. Soon, those units — GE’s aerospace, energy and healthcare businesses — will be split into separate companies, starting with GE Healthcare, which could be spun off as early as 2023. It’s a sad end for a giant humbled by missteps.