Jeff Immelt
Jeff Immelt
Jeffrey Robert "Jeff" Immeltis an American business executive. He is currently the chairman of the board and chief executive officer of the U.S.-based conglomerate General Electric. He was selected as GE's CEO by their Board of Directors in 2000 to replace Jack Welch upon Welch's retirement from GE. Previously, Immelt had headed up GE's Medical Systems divisionas its President and CEO...
commodity equity fit hate low manage message responsibility return
ERC doesn't really fit the GE that I want to have, ... The return on equity is too low and there's too many commodity segments. I hate having to give this message to you, but my responsibility to you is to manage it, and that's what I'm doing.
ability both confidence extend record returning share signal track value
(Friday's) increases, in both our dividend and our share repurchase program, signal our confidence in our ability to extend this track record of returning value to shareowners,
business five insurance last lost required solutions
Over the last five years, the Insurance Solutions business has lost $700m and required the infusion of $3.2bn of capital.
anyone economy economy-and-economics great tougher
The economy is much tougher than anyone planned, but the fundamentals of GE are in great shape,
growth quarter seen since
It's really the broadest growth we've seen since the first quarter of 2000,
appliances approaches customers enable lighting pointed provide supporting
This reorganization will enable Lighting and Appliances to provide more cost-effective and pointed approaches to supporting all of our customers needs,
appliances approaches customers enable lighting pointed provide supporting
This reorganization will enable Lighting and Appliances to provide more cost-effective and pointed approaches to supporting all of our customers needs,
company counting huge looks moves
We're really not counting on any huge moves with the portfolio. I think we like the company the way it looks today.
appliances states united
We can't make appliances in the United States and make money,
across consistent continue earnings good guidance prior remains rest
We continue to see good fundamentals across the rest of our businesses, and our earnings guidance remains consistent with prior expectations,
commitment confident deliver despite earnings estimated guidance insurance losses quarter solutions storm third
We have estimated the losses at GE Insurance Solutions from the storm and its aftermath, and despite this impact, we are confident we will deliver on our commitment to shareholders and are reaffirming our earnings guidance for the third quarter and the year.
double economic growth slow
We really don't see a double dip, just slow economic growth,
achieve confident earnings growth percent remain share
We also remain confident that we will achieve 10 to 15 percent earnings per share growth in 2005,
asia continued developing growth mid slow strong
We see continued strong growth in Asia and developing markets, mid single-digit growth in the Americas, and slow growth in Europe.