Story excerpt provided by Crain’s Cleveland Business.
Written by Chuck Soder.
Maybe GE Lighting won’t be sold after all.
The unit soon will start reporting to the General Electric team that invests in startups and tries to push GE in new, high-tech directions.
The move suggests that GE thinks its lighting unit can come up with bright ideas that don’t take the form of light bulbs. And that’s good news for those who don’t want the company to sell GE Lighting, according to Terry McGowan, director of engineering for the American Lighting Association.
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Originally published September 21, 2014.