This must be heartbreaking for @JackWelchMBA. I've been following @generalelectric for decades on @FortuneMagazine as world's most admired company since early 90s. 
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because they sold it all to china what else did you expect it's the prime example of us-china "trade"
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"...sold its appliance unit... At the same time Immelt was pushing into areas such as the 'Internet of Things'." I am absolutely stunned that 'at the same time' no one saw the connection, and threw away the chance to be a world leader. Coffin nail.
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