GE Capital and the financial crisis of 2008 : the best of the worst in the financial sector? / Alan N. Hoffman.

Format:

Book

Author/Creator:

Hoffman, Alan N. (Alan Nathan), 1954- author.

Series:

SAGE Knowledge. Cases.

SAGE Knowledge. Cases

Language:

English

Subjects (All):

General Electrical Company--Finance.

General Electrical Company.

Electric industries--United States.

Electric industries.

United States.

Physical Description:

1 online resource : illustrations.

Place of Publication:

London : Rotterdam School of Management, Erasmus University, 2013.

System Details:

text file

Summary:

For more than a century, General Electric (GE) has been a global leader and iconic brand known for innovation and leadership in a wide range of endeavors. Its diversified portfolio of products is organized into four strategic business units: energy, technology infrastructure, GE Capital, and home and business solutions.GE began in 1878 when Thomas Edison formed the Edison General Electric Company (EGEC). Though Edison was best known for inventing the first incandescent light bulb, he also pioneered systems design for generating and distributing electricity, eventually holding over 1000 patents. Within a few years, the rival Thomas Houston Company, which held key patents in the same area, challenged EGEC's position in the marketplace. In 1892, the two companies merged, forming General Electric. GE then parlayed the demand for electricity into the invention of home heating, stoves and other appliances, and refrigeration, transforming American households; and went on to become an innovator in a myriad of fields from medicine, aviation, and transportation to plastics and financial services. GE created the GE Credit Corporation [later GE Capital] in the wake of the Great Depression to facilitate the sale of household appliances and provide the option of extended payments for consumers. Innovation defined the organization and the commitment to research and development remained key.

Notes:

Originally published in Hoffman, A. N. (2013). GE Capital and the Financial Crisis of 2008: The Best of the Worst in the Financial Sector? Rotterdam, Netherlands: Rotterdam School of Management, Erasmus University.

Includes bibliographical references and index.

No ILL or scholarly sharing allowed.

Description based on XML content.

ISBN:

9781526429179

OCLC:

1023541264

Access Restriction:

Restricted for use by site license.