Company Directory - General Electric Company
Company Details - General Electric Company
General Electric Company
WebsiteBoston, United States
ISIN: US3696041033
General Electric Company is a diversified global industrial company operating in sectors such as aviation, power, renewable energy, and home appliances. It is renowned for its innovative technology-driven solutions and longstanding industrial heritage.
CCI Score
CCI Score: General Electric Company
1.04
-0.01%
Latest Event
General Electric Political Contributions and Lobbying Profile 2024
The OpenSecrets profile of General Electric highlights significant political contributions of $1,139,136 and lobbying expenditures of $3,570,000 in the 2024 cycle, along with a notable revolving door phenomenon where a large proportion of GE lobbyists have previously held government roles.
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OBJECTOR
General Electric Company is currently rated as an Objector.
Latest Events
- DEC312024
The OpenSecrets profile of General Electric highlights significant political contributions of $1,139,136 and lobbying expenditures of $3,570,000 in the 2024 cycle, along with a notable revolving door phenomenon where a large proportion of GE lobbyists have previously held government roles.
-60
Political Contributions and Lobbying Efforts
March 30
General Electric's political contributions and lobbying expenditures, amounting to over a million dollars in contributions and nearly $3.6 million spent on lobbying, illustrate a deep engagement in political influence. This significant expenditure combined with its revolving door practices raises concerns about undue corporate influence over democratic processes.
-40
Executive Political Engagement
March 30
A significant percentage of GE lobbyists—52 out of 73 in 2023 and 44 out of 68 in 2024—have previously held government positions, demonstrating a revolving door dynamic that can exacerbate conflicts of interest and undermine democratic accountability.
- SEP302024
General Electric Co., including its subsidiaries, disclosed spending $680,000 on lobbying activities during Q3 2024. The filing revealed that the lobbying efforts targeted a range of issues including NASA Aeronautics appropriations, transportation appropriations, aviation safety oversight, environment and sustainability policy in aviation, and various defense-related legislative matters.
-30
Political Contributions and Lobbying Efforts
April 5
The disclosed lobbying expenditure of $680,000 reflects significant corporate political influence. From an anti-fascist perspective, such spending is concerning as it indicates attempts to shape policy outcomes in areas that affect public welfare, regulatory oversight, and the democratic process.
- JAN012024
OpenSecrets data indicates that GE contributed approximately $1.14M and spent about $3.57M on lobbying in the 2024 cycle. The report also highlights a significant revolving door phenomenon, with a considerable number of GE lobbyists having prior government positions, which raises concerns about undue corporate influence on democratic processes.
-30
Executive Political Engagement
April 5
The data reveals that a significant proportion of GE's lobbyists have previously held governmental roles, indicative of a revolving door that blurs the boundaries between corporate and public sectors, potentially compromising the integrity of democratic institutions.
-40
Political Contributions and Lobbying Efforts
April 5
GE's substantial political contributions and lobbying expenditure as reported by OpenSecrets suggest a deep engagement in influencing political processes. This high level of spending, coupled with a strategic approach to political involvement, can undermine democratic accountability and facilitate a closer alignment with authoritarian interests.
- DEC312023GE Lobbying Spending in 2023
-35.16
General Electric spent $4,160,000 on lobbying in 2023, as reported by OpenSecrets. This activity reflects the company’s significant engagement in political influence, potentially prioritizing corporate interests over broader democratic accountability.
-40
Political Contributions and Lobbying Efforts
March 30
The report of GE spending $4,160,000 on lobbying in 2023 highlights considerable corporate involvement in political lobbying, an action that can distort democratic processes by channeling corporate influence into policymaking. This negative impact on political accountability is viewed through an anti-authoritarian lens.
- DEC312023GE Lobbying Spending in 2023
-35.16
General Electric spent $4,160,000 on lobbying in 2023, a significant expenditure that raises concerns about corporate influence in political processes potentially aligning with authoritarian policy interests.
-40
Political Contributions and Lobbying Efforts
April 5
GE's lobbying expenditure of $4,160,000 in 2023 is a demonstration of the company's active engagement in political influence. From an anti-fascist perspective, such significant spending to sway policy can contribute to maintaining power structures that favor corporate interests over democratic accountability, thereby serving authoritarian tendencies.
- MAY042023
On May 4, 2023, the EEOC filed a lawsuit against LM Wind Power Blades, Inc., a General Electric affiliate in North Dakota, alleging that an African American employee was subjected to sustained racial harassment and retaliation after complaining about the hostile work environment.
-80
Labor Relations and Human Rights Practices
March 30
The lawsuit highlights significant failures in protecting employee rights and addressing race-based harassment and retaliation. The company's alleged inaction in disciplining harassers and firing the employee for complaining reflects poor labor relations and human rights practices, which is deeply concerning from an anti-fascist and workers' rights perspective.
EEOC Sues General Electric affiliate for Race Harassment and Retaliation
- APR192023
General Electric has ratified a union contract that provides a 12% wage increase and secures provisions for union rights, including a successorship clause to maintain these benefits as the company restructures into separate entities.
+80
Labor Relations and Human Rights Practices
April 5
The union contract ratification, which includes a significant 12% pay increase and ensures the preservation of worker benefits and union rights, reinforces fair labor practices. This action protects workers during a major corporate restructuring, aligning with progressive, anti-fascist labor values.
GE Union Approves Two-year Deal With Company for Pay Increase
- FEB012023
General Electric has published a comprehensive Human Rights Statement of Principles outlining its commitment to upholding labor rights, ensuring a safe work environment, promoting diversity and inclusion, and adhering to international human rights standards. The document details policies on decent work conditions, prohibition of forced and child labor, and responsible supply chain practices, reflecting a robust stance against oppressive labor practices.
+80
Labor Relations and Human Rights Practices
March 30
The publication of GE’s Human Rights Statement of Principles demonstrates a strong commitment to ethical business practices and the protection of labor rights. By emphasizing safe working conditions, diversity, inclusion, and strict prohibitions against forced and child labor, GE aligns its operations with internationally recognized human rights standards, a measure that reinforces anti-authoritarian, progressive values.
- JAN012022
GE workers represented by the IUE-CWA union ratified a two‐year national contract extension that secures a 12% wage increase while maintaining key benefits and protections.
+75
Labor Relations and Human Rights Practices
March 30
The ratification of a two-year national contract extension that provides a 12% wage increase and preserves critical protections demonstrates a strong commitment to worker rights, reflecting positively from an anti-fascist perspective by empowering labor and protecting marginalized workforce segments.
- AUG012019
In August 2019, General Electric updated its Ethical Supply Chain Program, detailing robust supplier assessments, ethical guidelines, and measures to protect labor rights, human rights, environmental standards, and worker safety within its global supply chain. The program also includes a worker voice pilot that surveys labor conditions, thereby reinforcing GE’s commitment to fair labor practices.
+70
Supply Chain Ethics
April 5
GE’s document outlines a comprehensive Ethical Supply Chain Program that enforces supplier compliance with environmental, health, safety, and human rights standards. The explicit prohibitions against forced labor and the periodic on-site assessments highlight the company's commitment to ethical practices, aligning with anti-authoritarian, pro-worker values.
+60
Labor Relations and Human Rights Practices
April 5
The program incorporates a worker voice pilot and emphasizes fair treatment, safe working conditions, and human rights in its supplier relations. These measures show GE's proactive approach to securing labor rights and preventing exploitation in its supply chain, which is crucial for resisting authoritarian labor practices.
- JAN052019
On January 5, 2019, GE executive counsel Brian Sandstrom signed an agreement committing the company to disclose trade association dues above $50,000 and the portion of those dues used for lobbying or political spending, as well as all 501(c)(4) donations. This move, prompted by shareholder proposals from groups like the Center for Political Accountability, aims to close 'dark money' loopholes and enhance transparency in corporate political contributions.
+70
Political Contributions and Lobbying Efforts
March 30
By voluntarily expanding its disclosure of political donations, including details on trade association dues and 501(c)(4) contributions, GE is promoting transparency and accountability in political spending. This move reduces the opacity of corporate funding in politics, which can help mitigate the influence of dark money and foster more democratic, anti-authoritarian practices.
- JAN011986
General Electric's longstanding ownership of NBC, beginning with its 1986 acquisition, is presented as a prime example of corporate control over media content. The article details how GE exercised its influence to remove critical references in NBC programming and suppress unfavorable coverage—actions that contributed to shaping public discourse in favor of corporate interests.
-70
Media Influence and Propaganda
April 5
GE's management of NBC allowed it to directly intervene in news reporting, including mandating the removal of self-references during critical segments. This interference in media independence is indicative of authoritarian practices intended to shield corporate interests, thereby undermining transparency and democratic discourse.
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Corporate Financials
- Revenue
- 2025
- $80.00B
- Total Assets
- 2025
- $180.00B
- Operating Income
- 2025
- $10.00B
- Total Equity
- 2025
- $60.00B
Employees: 170,000
Industries
- 332999
- All Other Miscellaneous Fabricated Metal Product Manufacturing
- 333611
- Turbine and Turbine Generator Set Units Manufacturing
- 334511
- Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing
- 335311
- Power, Distribution, and Specialty Transformer Manufacturing
- 335999
- All Other Miscellaneous Electrical Equipment and Component Manufacturing
- 541715
- Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology)
- 517911
- Wired Telecommunications Carriers
- 333999
- All Other Miscellaneous General Purpose Machinery Manufacturing