A drone show in advance of General Electric splitting into three companies: GE Aerospace, GE Vernova, and GE Healthcare

A drone show in advance of General Electric splitting into three companies: GE Aerospace, GE Vernova, and GE Healthcare / Corbis News/Getty Images

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.

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