No, Edison did not sell Edison General Electric. It was a hostile takeover by the Thomson-Houston Company (they bought up a controlling interest in Edison General Electric's stock). The merged company was under control of Thomson's managment, and renamed General Electric. Edison was allowed on the board of directors, but quit after he realized he had no authority.
By the way, I work for GE. Jim Nichol On Feb 25, 2008, at 3:17 PM, Greg Bogantz wrote: > Consequently, he created the Edison General Electric Company, > together with some fat cash investors to handle the drudgery of > dealing with the whole lamp and power distribution business. When > he needed more cash for his laboratory, he sold out his interest in > the company to the fat butts, they dropped the "Edison" from the > company name, and they went on to create one of the biggest cash > cows in Murkan history.
