I was shocked when I saw the headline in today’s Wall Street Journal: “GE Exits Lightbulb Business It Pioneered”.
Here was the opening line from the story:
“General Electric Co. is getting out of the business of making lightbulbs, selling a unit that defined the company for nearly a century and was its last direct link to consumers.”
And here are a couple of other lines I found interesting:
GE had been looking to sell the business for several years. The conglomerate once made refrigerators and microwaves as well as bulbs but has exited those consumer businesses as part of a yearslong restructuring. It has shifted its focus to making heavy equipment, like power turbines, aircraft engines and hospital machines.
The unit traces its roots back to GE’s founding 130 years ago when Thomas Edison invented the first viable incandescent lamp. In 1935, the first Major…
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