General Electric is breaking itself up.
On Friday, the company announced that it would break off most of its real estate assets, repatriate a ton of cash from overseas, and buy back about $US50 billion worth of its stock.
“This is a major step in our strategy to focus GE around its competitive advantages,” Jeff Immelt, GE’s chairman and CEO, said in a press release.
The company also issued slides ahead along with the announcement explaining its rationale, showing how the company got to where it is today, and where it’s headed.
To get you up to speed, we’ve included the slides to get the big picture on what the new GE might look like.
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