 Get Quote: GE
Financials: Latest Results
Rank: 22 (Previous rank: 16)
CEO: Jeffrey R. Immelt Employees: 301,000 Address: 3135 Easton Turnpike Fairfield, Connecticut 6828 Country: U.S. Website: www.ge.com During Jeff Immelt’s 10th year as CEO, General Electric saw its net income climb 22% to $14 billion despite a slight dip in revenue. The company invested $1 billion in the appliance business with new products expected to roll out over the next two years and plans to move most of the appliance product manufacturing back to the U.S. from China and Mexico. The company also reported a record backlog of orders -- $200 billion -- which Immelt said will help GE eventually reach its goal of growing industrial earnings by 10%. -- J.P.M. Subscribe to Fortune Magazine |
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Interactive: Where the money is
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| Company | 2011 Number of Employees |
|---|---|
| Wal-Mart Stores | 2,200,000 |
| China National Petroleum | 1,668,072 |
| State Grid | 1,583,000 |
| Company | 2011 Profits ($ millions) |
|---|---|
| Gazprom | $44,459.6 |
| Exxon Mobil | $41,060 |
| Industrial & Commercial Bank of China | $32,214.1 |
