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16. General Electric
General Electric
Financials: Latest Results
Rank: 16 (Previous rank: 13)
CEO: Jeffrey R. Immelt
Employees: 287,000
Address: 3135 Easton Turnpike
Fairfield, Connecticut  6828
Country: U.S.
Website: www.ge.com

GE is on the same slow boat to recovery as many other American manufacturers. In 2010, CEO Jeff Immelt announced that the company plans to slim down its troubled financial arm and boost the portions of the company that "make stuff."

This year, Immelt insists that the economy is improving and that GE is poised to benefit. "The world we face is getting better," he told shareholders at GE's annual shareholder meeting in April. "We see signs of economic strength every day."

At the same meeting, chief financial officer Keith Sherin said that GE is proud of its own recovery. Earnings in 2010 were $3.3 billion, up from $1.5 billion at the end of 2009. But GE still has a long way to go to satisfy its shareholders, who were no doubt irked when the company cut its dividend in 2009 for the first time since 1938. --S.D.


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  $ millions % change from 2009
Revenues 151,628.0 -3.3
Profits 11,644.0 5.6
Assets 751,216.0 --
Stockholders' equity 118,936.0 --
Profits as % of  
Revenues 8
Assets 1.6
From the July 25, 2011 issue
Includes revenues from discontinued operations.
Editor's note: Chrysler Group was erroneously omitted from the Global 500 listing. With revenue of $41.9 billion, Chrysler ranks No.205 among all the companies in the world and 61st in the U.S. As a result, Bristol-Myers Squibb, which had ranked No.500, falls off the list. Updates may be found for the full list, rankings by country, and the list of arrivals. Fortune regrets the error.
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Rank # of Global 500 Companies
U.S. 133
Japan 68
China 61
Company 2010 Number of Employees
Wal-Mart Stores 2,100,000
China National Petroleum 1,674,541
State Grid 1,564,000
Company 2010 Profits
($ millions)
Nestlé $32,843
Gazprom $31,895
Exxon Mobil $30,460
FAQ and methodology
All companies on the list must publish financial data and report part or all of their figures to a government agency. In the U.S., private companies and cooperatives... More
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