General Electric has been staggering along for years as a conglomerate. But recently, it's turned to a popular strategy to unlock new value: spinning off. Just last week, GE spun off its clean energy business into a new company: GE Vernova. On today's show, we explore what a spin off is and why companies do them.
With its announcement that it will spin off its healthcare unit in early 2023 and its energy segment in early 2024, GE may have signaled the end of the conglomerate era.
