Financially GE is a very strong company. GE has paid a dividend each quarter for over one hundred years. In addition, GE's dividends have been raised for 29 consecutive years. Recently, some of its financial honors include: In Fortune Magazine's 2005 "Global Most Admired Companies" list, GE ranked first overall; In Fortune Magazine's 2005 "America's Most Admired Companies" list, GE ranked second overall; GE was ranked first in the Financial Times' 2004 "World's Most Respected Companies Survey" for the seventh consecutive year since the Survey's inception in 1998; GE was named to the Dow Jones Sustainability World Index as one of the world's leaders in environmental, social and economic programs. In March 2005, it received the highest corporate governance rating of 10.0 from Governance Metrics International.
When doing a search of GE lawsuits, it appears that the company does have some legal problems in areas of pollution as well as product recalls. A lawsuit of interest, especially since GE prides itself on its diversity is the following: Marcel T. Thomas, the chief executive of GE Aviation Materials was promoted three times since joining the company in 2001. This year, despite a big increase in his unit's sales and profits, he received a low rating and a negligible compensation increase. Thomas is black, and he believes that his treatment is a result of racial discrimination. On May 17, he sued G.E. He is seeking to have the...
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