A storied firm, founded 129 years ago, has come to an ignominious end. Once the most valuable company in the world, General Electric (GE) ruled supreme during the reign of legendary CEO Jack Welch. Now, GE has announced plans to split into three parts: aviation, healthcare, and energy. Many observers have acknowledged that GE helped invent the world as we know it. Founded by Thomas Edison and funded by J.P. Morgan, the venerable firm generated electricity, wires to carry it, and lightbulbs for illumination. Through the years, GE connected neighborhoods with streetcars and towns and cities with locomotives. Moreover, the...

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