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Big conglomerates used to define corporate best practice.

They were like business royalty that drove American industry.

How can I help you guys out? We're journalists. We're here to do a story about GE.

Okay. Do you have a badge to get on? And arguably, no one was more powerful than General Electric.

They were known as the Everything Company. What you need to do is spin right around this guard check and that one, you're making a U-turn?

My colleague Amanda Chu recently drove up to GE's old headquarters in Schenectady, New York.

So there's a massive GE sign when you drive in.

You can't really miss the plant.

I think the whole place has its own zip code.

One, two, three, four, five.

Schenectady is the place where Thomas Edison, yeah, that Thomas Edison, decided to build this plant way back in 1886. I mean, I think this place was entirely built and then almost disappeared because of GE.

For a long time, Schenectady's economy was tied to General Electric's fortunes.

And for decades now, GE's kingdom has been fading.

General Electric has announced it will shed more than 20 billion US

dollars worth of assets in the coming months. The Dow has kicked out industrial giant General

...