Core Insights - Jollibee Foods Corp. is preparing to spin off its international division, which will operate as a separate entity and aims to debut on the U.S. stock exchange [1] - The announcement of a future initial public offering (IPO) for Jollibee follows the launch of its U.S. franchise program in March 2023, with the first franchise opening in Queens, New York, in August 2023 [2] - Jollibee has expanded its presence in the U.S. since its debut in 1998, currently operating 75 units and ranking as the fourth-largest international chain in the U.S., with reported sales growth of 16% and unit growth of 7% in 2024 [3]

Company Overview - Larry Culp has successfully transformed General Electric (GE) by splitting it into three public companies: GE HealthCare Technologies, GE Vernova, and GE Aerospace [1] - GE HealthCare went public on January 4, 2023, and its stock has increased by almost 50% since then [1] - GE Vernova has seen a remarkable 400% increase since its debut in April 2024, largely driven by AI-related electricity demand, while GE Aerospace has more than doubled in value [1] Leadership and Strategy - Peter J. Arduini, CEO of GE HealthCare, is focusing on reviving the company's legacy by enhancing leadership development and product production processes [3] - Arduini emphasizes the importance of reducing "noise" in decision-making, which can be more challenging in larger organizations [3] - The revival of performance reviews and leadership development initiatives is part of Arduini's strategy to restore the effective management practices that characterized GE in its earlier years [3] Historical Context - GE was once a highly revered company, with a market cap of around $600 billion at its peak in 2000, equivalent to over $1 trillion today [2] - The company faced significant challenges over the years, including the dot-com crash, 9/11, the Enron scandal, and the 2008 financial crisis, which led to its decline and eventual breakup [2]