In 1890, Thomas Edison
consolidated his existing electrical goods business into the Edison General Electric Company
, after opening a new research lab
. Two years later in 1892 EGEC merged with the Thomson-Houston Company
to form the General Electric Company, after discovering that the two companies were so large that they could not produce complete electrical installations
due to the huge number of patent
s each company owned; it was impossible for either of them to make something workable
as it would infringe on the others' patents!
General Electric today is, according to Forbes
, the worlds' second largest company-the biggest is Citigroup
. They manufacture an astonishing
range of products, such as:
Home security systems
Electrical protection (fuse boxes etc.)
* These products are sold under the name "Thomson
GE also provide financial services under the banner of GE Capital
General Electric Corporation is completely unrelated
to the UK General Electric Company
, who changed their name to Marconi
a few years ago.
GE's involvement with the nuclear power
industry has obviously not made many environmentalist
s overly enamoured with them-neither has their PCB
dumping, which is illegal in many countries.
GE also is contracted with the US Department of Defence
to supply aircraft engine
s, meaning that technically they profit from war and killing (though this is debatable
Their corporate policies are also less than libertarian
: see http://www.ge.com/en/microsite/commitment/social/integrity/conflicts.htm.
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