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...He sold divisions including plastic, domestic appliances, entertainment and — most radically — financial services, returning more than $130bn to shareholders in dividends....
...Related links: Shared mobility V.1, USSR edition – FT Alphaville Do the economics of self-driving taxis actually make sense? – FT Alphaville Who are Tesla’s competitors, really?...
...The company has launched My Very First Hyper-V, a package of Fujitsu system and storage hardware, Microsoft server software and the latter’s Hyper-V virtualisation technology....
...Energy, transportation, aviation and healthcare are expanding; financial services, appliances and industrial divisions such as lighting are shrinking or may soon be sold....
...Even Mr Immelt’s predecessor, Jack Welch, joined the fray, noting during an appearance on GE’s CNBC network that a first-quarter earnings shortfall had left Mr Immelt with “a credibility issue”....
...Supplanted long ago by energy, aviation and financial services as the drivers of GE’s profits, the C&I division nonetheless held more than just sentimental value to Mr Immelt and his predecessor, Jack Welch...
...The other senior departure is Dennis Dammerman, who helped pioneer GE's push into financial services under Jack Welch, Mr Immelt's predecessor....
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