General Electric Company (NYSE: GE) ranked 31 on the Fortune 500 list for 2017. General Electric had a market capitalization of over $171.32 billion (as of November 13, 2017), and is one of America’s most familiar brands. The company produces products ranging from toasters and clock radios to the GEnx jet engine for the Boeing 787.

In November 13 of 2017, GE announced a broad restructuring and halved their quarterly dividend for 24 to 12 cents a share. It's the first big move from new CEO John Flannery, who took over in September of this year. GE also announced thousands of layoffs across all divisions of the country. After GE's bombshell announcement, the company's stock fell 3.5%. 

Here are the shareholders most impacted by GE's new report. 

1. Jeffrey R. Immelt

Jeffrey R. Immelt was the chairman of the board and former CEO of General Electric. He joined GE in 1982 to work in corporate marketing. Under Immelt’s leadership, the company pushed back against Connecticut Governor Dannel P. Malloy and the state legislature in response to a proposal to increase business taxes. As of November, 2017, Immelt held  a reported number of nearly 2.6 million shares of GE. Immelt retired from GE on August 1, 2017.

2. John G. Rice

John G. Rice is vice chairman of General Electric, leading the company’s global operations based in Hong Kong. He began his career at GE in 1978. Since that time, Rice worked in Singapore and Canada, before moving to Hong Kong. As of November, 2017, Rice held nearly 600,000 shares of GE. 

3.  John Flannery

John Flannery became the CEO of the company as Immelt stepped down. He has been with the company for over 25 years and previously served as Senior Vice President of GE and the President and CEO of GE Healthcare. As of November 2017, Flannery owned a little over 515,000 shares. That number will surely rise soon to reflect his new status as CEO.

4. David L. Joyce

David L. Joyce is a vice chair and CEO of GE Aviation, a role he has had since June, 2008. Joyce is another GE veteran, he started his career in GE in 1980 when he joined as a product engineer. As of November, 2017, he held over 497,000 shares of GE, which makes him the fourth largest individual shareholder.

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