General Electric is looking at a further break-up, its chief executive said on Tuesday, extending its retreat from the conglomerate model it championed in the Jack Welch era.
John Flannery, who took over at GE last August, told analysts on a call that the company was examining options for its power equipment, aviation and healthcare divisions that “could result in many, many different permutations, including separately traded assets really in any one of our units”.
The partial or total spin-offs under consideration would represent the latest step in dismantling the sprawling conglomerate built under Mr Welch, who ran GE from 1981 to 2001 as it expanded in areas as diverse as financial services and reality television.
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