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leaders

Remembering Nick Perugini, a Key GE Executive and Beloved GE Team Member

Maggie Sieger
July 26, 2023
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“Nick Perugini always stood out, starting from the first time I met him,” says David Burns, chief information officer for GE and GE Aerospace. “He had a passion for making connections and this innate ability to build rapport and trust with everyone around him. It’s part of what made him such a great leader.”

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Aircraft Leasing

GE’s Aircraft Leasing Unit On Track To Earn $1.2 Billion In 2018

Bruce Watson
Dorothy Pomerantz
Tomas Kellner
November 26, 2018
Back in 1967, Allegheny Airlines, now U.S. Airways, was a small business with a big idea — connect dozens of American cities with regular flights. But to do that, Allegheny needed expensive planes. GE came up with a creative way to help: It would buy the jets that Allegheny needed and then lease them back to the airline over the next 12 years.
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Aerospace

Flying High: How Leasing Fueled The Takeoff Of The Airline Industry

Bruce Watson
Dorothy Pomerantz
February 06, 2018
Back in 1967, Allegheny Airlines was a small business with a big idea — connect dozens of American cities with regular flights.
But to do that, Allegheny needed wings. It bought regional carriers like Indiana’s Lake Central airlines and New York’s Mohawk Airlines to provide coverage east of the Mississippi River and in parts of Canada. But it still wasn’t enough. The problem: Planes are expensive and Allegheny couldn’t afford to buy the new aircraft it needed.
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From Web To Watts: How Tech Companies Are On Course To Power Your Fridge

P D Olson
November 03, 2017
The energy market was once a largely impersonal affair for customers. They’d pay utilities, get service in return, and that was about it. But demand for renewable energy has ushered in an era of hands-on consumerism, with green-minded corporations now directly supporting its growth.
Case in point: Microsoft, which just signed a 15-year contract to buy 100 percent of the wind energy from a new 37-megawatt wind farm in the Irish countryside, built and owned by GE. The software company will use all energy produced from the farm to power its Irish data center.
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Healthy Financing: How A Nearly Bankrupt Hospital Is Being Nursed Back To Life

Bruce Watson
July 27, 2017
It was almost Christmas 2015, and St. Francis Medical Center, a Daughters of Charity hospital in Lynwood, California, was in serious pain. Rising healthcare costs and falling insurance reimbursements were squeezing its ailing bottom line. The managers needed to act quickly or the hospital, along with five other Daughters of Charity hospitals, might collapse and cause a blow to the community.
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Earnings

Q2 Results: GE Gets A Lift From Strong Performance By Aviation, Power Units

Chris English
July 22, 2016
GE released second quarter results today. Industrial operating plus GE Capital verticals earnings reached $0.51 per share, up 65 percent compared to the second quarter of last year. GE Chairman and CEO Jeff Immelt also reaffirmed the company’s operating framework for the year.
The company also announced that it has returned $18 billion to shareowners for the year to date, including $13.7 billion through a share buyback and $3.7 billion through dividends. In the quarter, GE’s backlog of orders grew to a record $320 billion, up 17 percent since the 2Q’15.
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finance

U.S. Regulators: GE Capital No Longer Systematically Important To The Financial System

June 29, 2016
GE Capital became the first financial institution to shed its designation as systematically important to the financial system. The U.S. Financial Stability Oversight Council (FSOC) removed the GE finance unit’s designation as a Systemically Important Financial Institution (SIFI) yesterday. The decision means the Federal Reserve will no longer regulate GE Capital as a nonbank SIFI.
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banking

GE Asks To End U.S. Regulatory Oversight As GE Capital Transformation Races On

April 01, 2016
Last spring, GE said it would speed up its transformation into a “digital-industrial” company by selling most of GE Capital’s assets and keep the remainder tightly tied to its industrial core. It kept its word.
The company has signed approximately $165 billion in deals and fully completed transactions valued at $145 billion from that total.
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finance

GE Completes the Separation of Synchrony Financial

Kathryn Stanek
November 17, 2015
Today GE (NYSE:GE) completed the separation of Synchrony Financial (NYSE: SYF), the largest provider of private label credit cards in the United States[1]. Synchrony Financial has been a part of GE Capital for more than 80 years, helping consumers finance purchases from clothing to jewelry to RVs to furniture.
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GE Announces Synchrony Financial Exchange Offer

October 19, 2015
GE (NYSE: GE) announced today its offer to exchange GE company stock for shares in Synchrony Financial (NYSE: SYF), the largest provider of private label credit cards in the United States.*
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