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Twenty years after stepping down as the leader of GE, and being minted the C.E.O. of the century, Jack Welch’s baby is about to become three companies. What went wrong?
The news that GE, the venerable conglomerate founded in 1892, was committing an act of corporate meiosis and splitting itself into three pieces—a jet-engine manufacturing company; a healthcare machine manufacturing company; and a power business—leads me to ask a deceptively simple question. Who lost GE, and when?
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