Baker Hughes Sheds an Owner and Six Syllables

If you look at most storied American companies, numerous corporate combinations helped them get where they are today. Most had the good sense to pare down their names as their family trees became ever more complicated, but someone forgot to tell General Electric. “Baker Hughes, a GE Company” became the bane of journalists and analysts with its unnecessarily long name, even before the initials G and E became toxic for investors. Formed two years ago, GE initially owned 62.5% of the firm. Now that the conglomerate has sold down…

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

error: Content is protected !!