Industrial Sector Ideas

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>>> General Electric ($523 Billion Market Cap in 1999)



https://www.thestreet.com/slideshow/13648157/2/microsoft-and-1999-rsquo-s-other-stock-market-darlings-where-are-they-now.html



Since 1999, General Electric (GE) has appointed a new CEO, Jeff Immelt, who reshaped the sprawling conglomerate he inherited from Jack Welch into a leaner industrial company focused on digital manufacturing. Immelt also steered the company through the 9/11 terrorist attacks, which occurred days after he took over, and the global financial crisis seven years later, both of which hammered GE's stock.

The company was among the insurers on New York's World Trade Center, which was targeted on 9/11, and its massive lending business was funded heavily by commercial paper, a market that froze during the 2008 crisis. Immelt was subsequently forced to cut GE's dividend for the first time, and the company lost its top credit ratings from Standard & Poor's and Moody's.

In the years afterward, Immelt sold the NBC Universal entertainment business and pared most of GE Capital's commercial and consumer lending businesses while also expanding into the industrial Internet of Things. Today, GE, which has lost 37% of its market value since the end of 1999, is still the ninth-largest company in the U.S. by market cap with a $301 billion valuation.

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