General Electric's financial engineering through GE Capital's reckless expansion into subprime mortgages and long-term care insurance demolished the industrial conglomerate's AAA credit rating and erased over $400 billion in market value. This loss is 40% greater than the total assets of HP, making it the largest value destruction on this list. Notably, GE's share price fell from a peak of $60 in 2000 to below $10 by 2018, a drop of 83%.
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