It's official: General Electric Company (NYSE: GE), one of the great giants of 20th century American industry, has been booted from the Dow Jones industrial average.

GE was the only remaining member of the original DJIA of 1896, when the blue-chip average consisted of just 12 industrial companies. It was also the longest continuous member of the Dow, with a 111-year streak that began in 1907.

Alas, all good things must come to an end. GE found it harder to adapt to the ever-changing world of the 21st century. It will be replaced by Walgreen Boots Alliance (WBA) on June 26.

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Related Campus Units

Robins School of Business

Professor of Finance
Joseph A. Jennings Chair in Business
Corporate Finance
Derivative Securities
Finance Pedagogy
Initial Public Offerings
Practitioner Issues
Securities and Exchange Commission
Small Business Management