General Electric

General Electric

The company General Electric has improved its business to very high extend during the last two and half decades. The history of the company is very rich. The person name Thomas A. Edison who invented bulb, established Edison electric company in 1978. The company general electric is the result of the merger of two renowned companies name Edison electric company and Thomson-Houston Electric Company. The merger took place in 1892. The company stood as 6th largest company in United States of America and 3th largest globally.

During the years of 1982, the company was facing major challenges and the key person's name Reginald Jones and Welch come to the conclusion that he company needs changes in its operation. However, the market capitalization of general electric was at its peak in 1982. The issues were of operational nature. Mr. Welch took over the company's operations in 1982 and adopted controlled strategy because the company's operations were widely spread. The strategy was very comprehensive and enabled the company to witness growth. During his tenure, the company witnessed major transformation in its process. The macro environment provided impetus to transformation. The policies of the Welch worked very well which even left their footprints in public persona as the corporate people and general public used to call Welch as Neutron Jack or Boundary-less Jack and Values Jack (Wisnudel, 2008).

The General Electric Company is facing a workplace discrimination lawsuit filed by one of its executives, in which the U.S. company accuses of pursuing a policy of promotions and salaries that penalizes women. The dispute covers 1,500 executive as she hit a glass ceiling in their promotions and seeks compensation of 500 million dollars (375 million euros), the second largest compensation claimed in a discrimination case in the U.S..

General Electric, the second largest listed group in the world, rejects these allegations and states that are committed to promoting diversity. Moreover, states that the number of women in executive positions and responsibility grew in recent years and explains that the decisions that were followed in the case of Schaefer were based on merit. (Ocasio, 2008).

GE is committed to fair employment practices, including the prohibition against all forms of illegal discrimination. By providing equal access and fair treatment to all employees on the basis of merit, we improve GE's success while enhancing the progress of individuals and the communities where our businesses are located. GE is committed to observing all applicable labor and employment laws wherever we operate. That includes observ - ing those laws that pertain to freedom of association, privacy, recognition of the right to engage in collective bargaining, the prohibition of forced, compulsory and child labor, and those laws that pertain to the elimination of any improper employment discrimination.

• Strictly observe all applicable labor and employment laws, including those relating t freedom of association; privacy; the right of employees to engage in collective bargaining; forced, compulsory and child labor; and non-discrimination.

• Recruit, hire, train, compensate, promote and provide other conditions of employmen ...