The executives leading the new units will also sit on G.. E. s corporate executive council, a committee made up of the companys top 25 executives, which meets periodically and discusses various strategic and management issues.
GE Capital, the companys largest nit, provided $55 billion of G. E. s $124 billion in revenue last year and $ 5.6 billion of its $19.7 billion in pretax profits. The rest of G. E. had been divided into 11 other businesses, many of them--lighting and appliances are examples-much smaller than the new GE Capital units, yet each run by someone who reports directly to the chairman. Mr. Dammermn said that Mr. Immelt began talking about breaking GE Capital into more manageable pieces as soon as he took over as chief executive last September. Jeff didnt like the extra layer between him and the GE Capital businesses,
G. E. has tried to make GE Capital less mysterious to the outside world. Although GE Capital was officially one unit, it had begun to report quarterly results in live product-related segments--a number that will be reduced to four with the new organization. And analysts say GE Capitals management has been more accessible than it was in past years, and that Mr. Immelt and other G. E. corporate executives have been willing to discuss GE Capital in more depth.
57. After the reorganization, GE will have altogether ______.
A) six businesses B) sixteen businesses
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