General Electric's 2018 just went from bad to worse after it was announced that GE would be removed from the prestigious Dow Jones Industrial Average for the first time in 110 years. And while some are calling the news a buying opportunity, it nonetheless represents a blow to the reputation of an American staple.
The news of GE's removal from the Dow comes on the heels of other signs of tumult, including the departure of Jeff Immelt as CEO, thousands of layoffs, and a series of acquisitions run amuck. The company once known as a beacon of dependability has now lost more than half of its market cap since the start of 2017.
Another telling sign of General Electric's decline: it dropped 23 spots on Fortune's Most Admired Companies list in 2018. That's the largest decline among companies in this year's and last year's top 50.
Explore the companies on Fortune's list below and how the rankings have changed since its debut in 2006. The 2018 list is based on a survey of 3,900 executives, analysts, directors, and experts (per Fortune's website).
General Electric's fall from the most admired company in America
Ranking of 2018's Top 50 Most Admired Companies since 2006
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Nerd Notes:
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Data comes from Fortune's Most Admired Companies list. The list originally included 20 companies, but was expanded to 50 in 2009.
