GE: At a Glance

Company:
General Electric

Headquarters:
3135 Easton Turnpike, Fairfield, CT 06431

Phone Number:
(203) 373-2211

Business:
One of the world’s largest conglomerates, with business units and divisions in a variety of industries, including financial services, entertainment, medical imaging, power generation and jet engines.

Chief Information Officer:
Gary Reiner

Financials:
$163 billion in revenue; $20.8 billion in profit.

Challenges:
Facing mounting pressure
from restive investors seeking a breakup of the company, get the stock price up by focusing on high-growth businesses that bring a higher return to shareholders.

Baseline Goals:

  • Further leverage strategies such as Lean Six Sigma to boost net earnings per share growth to 10% to 13% for 2007, versus a 2% increase in net earnings per share for first quarter 2007.
  • Use the Internet to boost digital ad revenue at NBC Universal to $1 billion by 2009, from $200 million
    in 2006.
  • Create new products and technologies, such as power-efficient devices and wind turbines, to increase “eco-imagination” revenue to $20 billion by 2010, from $6 billion in 2006.
CIO Insight Staff
CIO Insight Staff
CIO Insight offers thought leadership and best practices in the IT security and management industry while providing expert recommendations on software solutions for IT leaders. It is the trusted resource for security professionals who need network monitoring technology and solutions to maintain regulatory compliance for their teams and organizations.

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