General Electric's CEO Jeff Immelt said Monday he empathizes with the grievances of the Occupy Wall Street protesters.
If General Electric's second-quarter earnings are any indication, investors can put fears of a global industrial slowdown on hold.
The head of General Electric told a jobs summit at the U.S. Chamber of Commerce Monday that businesses needed to take the lead on job creation.
Training Americans for practical jobs that the nation actually needs should be a government priority, according to General Electric CEO Jeff Immelt, who heads President Obama's jobs advisory panel.
General Electric recently made it harder for CEO Jeffrey Immelt to cash in the stock options he received as part of last year's pay package.
General Electric reported higher first-quarter earnings and revenue Thursday, topping analysts' estimates.
The battle continued Monday to plug a crack at Japan's Fukushima Daiichi nuclear power facility that's been a conduit for highly radioactive water leaking into the Pacific Ocean, utility company officials said.
updated: Sun Apr 03 2011 22:09:00
TEPCO officials found a crack in a tunnel draining radioactive water into the Pacific. CNN's Martin Savidge reports.
The chief of General Electric on Thursday defended the conglomerate's zero tax rate in 2010, and called for reform of the U.S. tax code.
The Obama administration has been talking about corporate tax reform a lot lately. And so it was on Friday -- but not through prepared bullet points.
When President Obama stresses his goal of job creation during his State of the Union address Tuesday night, one chief executive in particular will be under pressure: General Electric boss Jeffrey Immelt, who has signed on to lead the President's new Council on Jobs and Competitiveness.
When President Obama stresses his goal of job creation during his State of the Union address Tuesday night, one chief executive in particular will be under pressure: General Electric boss Jeffrey Immelt, who has signed on to lead the president's new Council on Jobs and Competitiveness.
updated: Fri Jan 21 2011 17:47:00
GE CEO Jeffrey Immelt says he believe the employment picture in the U.S. will improve and the economy is rebounding.
President Obama announced the creation of an economic advisory council Friday that will be headed by Jeffrey Immelt, the chief executive and chairman of General Electric.
General Electric logged higher fourth-quarter earnings and revenue Friday that beat Wall Street's expectations, getting a boost from its finance arm and strong growth in equipment orders.
Everyone is talking about creating more green jobs, but few people seem to know how to actually do it. That got Chad Holliday, the former CEO of DuPont and current chairman of Bank of America, thinking about solutions. Earlier this year he helped form the American Energy Innovation Council (AEIC), a bipartisan group of business leaders who believe that the U.S. needs a long-term energy strategy to transition to a low-carbon economy and create American jobs. Besides Holliday, the council's seven members are Bill Gates, GE CEO Jeff Immelt, Cummins CEO Tim Solso, Xerox CEO Ursula Burns, former Lockheed Martin CEO Norm Augustine, and John Doerr, a partner at the venture capital firm Kleiner Perkins. The AEIC is supported by the Bipartisan Policy Center and the ClimateWorks Foundation. Holliday spoke with Fortune's Brian Dumaine on how the AEIC will work.
General Electric will order "tens of thousands" of electric cars in about a week, the conglomerate's chief executive said Friday.
There aren't a lot of encouraging signs for the manufacturing industry these days as the economic recovery struggles to gain traction. So unemployed factory workers could be forgiven for getting their hopes up last week when House Democrats rallied around their new "Make it in America" agenda.
General Electric reported quarterly earnings that rose from a year earlier and said its finance arm, GE Capital, continues to show signs of stabilization.
On July 13 General Electric CEO Jeffrey Immelt announced a $200-million 'challenge,' whereby GE, together with four venture-capital firms, committed to invest in ideas that will advance alternative-energy and efficiency programs, specifically the so-called smart grid that helps electricity networks operate more efficiently. Following the San Francisco event to unveil the program, Immelt sat down with Fortune's Adam Lashinsky to talk about GE's efforts under a campaign called Ecomagination. Immelt spoke candidly and expansively about how he'd change his 'eco' language if he were to start over, why nuclear energy's revival is a ways off, and why President Obama needs to change his tone. An edited and condensed transcript of their conversation follows.
updated: Thu Jul 01 2010 23:58:00
GE CEO Jeffrey Immelt backtracks on controversial remarks about China and Obama. CNN's Patricia Wu reports.
General Electric Co. backed away Thursday from comments reportedly made by its CEO critical of President Obama and China.
General Electric Co. continued to show steady improvement in the fourth quarter, beating Wall Street's expectations for sales and profit on the back of cost cutting and a strong infrastructure business.
Secret Santa Before he died in 2007, Larry Stewart of Kansas City, Missouri, spent years anonymously passing out $100 bills around holiday time. He gave away nearly $1.3 million during a 20-year campaign.
General Electric Co. continued to get hammered by its troubled finance arm, but the conglomerate's widespread cost cutting and a strong showing from its consumer and industrial units helped GE's profit beat Wall Street's expectations.
Last October, GE CEO Jeff Immelt decided he had had enough. For months, GE managers had been dutifully preparing reports for him explaining declines in their businesses in excruciating detail. He laid down the law.
GE and its chief executive, Jeff Immelt, announced Thursday a sweeping new healthcare initiative dubbed Healthymagination that the company says will help deliver better care to more people at lower cost.
General Electric Co. posted a first-quarter profit Friday that fell substantially from year-ago results, dragged down by weak earnings at its embattled finance division, but the results still beat Wall Street's expectations.
General Electric Co. on Friday reported a 47% decline in fourth-quarter earnings per share that was at the low end of its expectations, and lower revenue that was below analysts' forecasts.
General Electric Co. reaffirmed its recently lowered earnings outlook Tuesday and stood by its decision to pay an annual dividend despite the challenges facing its financial services unit.
It is mid-1978, and we are inside the giant Procter & Gamble headquarters in Cincinnati, looking into a cubicle shared by a pair of 22-year-old men, fresh out of college. Their assignment is to sell Duncan Hines brownie mix, but they spend a lot of their time just rewriting memos. They are clearly smart - one has just graduated from Harvard, the other from Dartmouth - but that doesn't distinguish them from a slew of other new hires at P&G.
When Warren Buffett went to bed at his Omaha home on the evening of Tuesday, Sept. 30, he asked his wife, Astrid, to wake him in the morning at 6:55 a.m. He had an important call coming in. By 7:30 the call was over. Buffett walked into the kitchen, still wearing an old robe he likes, and announced to a breakfast visitor that he had agreed to send General Electric $3 billion of Berkshire Hathaway money in return for a new issue of preferred stock and warrants allowing Berkshire to buy an equal amount of common stock over the next five years.
All eyes will be on GE on Friday when the massive conglomerate and market bellwether reveals earnings that have been hard-hit by recent turmoil in the financial markets.
Nobody ever said that valuing a publicly traded company was supposed to be easy. But it shouldn't be as complex, as say, quantum physics either.
General Electric Co. beat its own sales estimates and matched earnings projections for the second quarter Friday.
Gary Reiner isn't like other CIOs. The average chief information officer's tenure is just over three years, but he has held the job at General Electric for the past dozen years - the period when the foundation of GE's business shifted from manufacturing to services to information. Most CIOs complain about their budgets' getting squeezed, but Reiner's is growing and, at $4 billion, is almost the size of a Fortune 500 company. Many CIOs report to the chief financial officer, but Reiner reports to the big boss, GE's CEO, Jeff Immelt. Most strikingly, other CIOs are rarely in charge of critically important non-infotech responsibilities, but Reiner has been running GE's massive Six Sigma initiative since 1996 and also oversees the company's $55 billion of annual sourcing.
General Electric Co. will cut its global water use by 20% over five years, CEO Jeff Immelt said Wednesday
For just shy of one month way back in 1995, the Walt Disney Company was poised to become the world's biggest media company after announcing it was buying ABC/Capital Cities. But mere weeks later, Time Warner announced it was buying Turner Broadcasting, putting itself back into the lead dog position among the media pack as measured by revenue, a position it held through its wayward combination with America Online and up to this week.
Jeff Immelt, chairman and CEO of General Electric, said Monday much of the technology to make energy generation cleaner and more efficient is available now. The challenge, however, is deploying it and making it cheaper.
No, Jack Welch wasn't dissing Jeff Immelt when he said his successor as GE's chief "has a credibility issue." He was just doing something he's famous for, which is telling the hard truth. Obviously Immelt has a credibility issue. The real question raised by this foofaraw is the profound one of whether Immelt has configured GE properly and when oh when the stock will finally start performing. In case you had CNBC muted on Wednesday morning, Welch was on Squawk Box talking about GE's spectacular earnings miss the previous Friday. As recently as mid-March, Immelt had reaffirmed previous earnings guidance for the quarter and the year. Then, on April 11, he announced that real first-quarter earnings were below his own promise and Wall Street's consensus expectation because of turmoil in the financial markets, and he said full-year earnings would be well below what he had promised earlier.
Jeff Immelt, the chief executive of General Electric, was getting defensive - and for good reason. "Look," he protested, "I've never voted for a Democrat!" Immelt went on to insist he's getting a bum rap. "I work for investors," he said.
Several years ago a solar-powered, propeller-driven unmanned aircraft named Helios took off on a test flight from the Hawaiian island of Kauai. NASA had designed Helios to be powered all day by sunlight and all night by fuel cells. The "eternal airplane," it was called.
You couldn't be blamed for rolling your eyes when American Express chief Ken Chenault says, "People are our greatest asset." CEOs always say that. They almost never mean it. Most companies maintain their office copiers better than they build the capabilities of their people, especially the ones who are supposed to be future leaders, and for decades they've gotten away with it. But now their world is changing profoundly - and at long last we're going to find out which self-proclaimed people-cherishers actually mean it.
We Americans pride ourselves on being a hard-working bunch, so here's a thought to spoil your Labor Day rest: By global standards, we're lazy. We've been getting lazier. And the days of the American dolce vita may be numbered.
Just how red-hot is the current worldwide expansion? "This is far and away the strongest global economy I've seen in my business lifetime," U.S. Treasury Secretary Hank Paulson declared on a recent visit to Fortune's offices.
Lately the script of Jeff Zucker's life seems plucked from the pages of a sitcom. Just consider: In the three months since ascending to the CEO position at NBC Universal, he has had to deal with a ...
No CEO dares say it, yet it must be said: The shaming is over. The 5 1/2-year humiliation of American business following the tech bubble's burst and the Lay-Skilling-Fastow-Ebbers-Kozlowski-Scrushy...
MARKS: Happy Dow breaking 13,000 to you! Happy Dow breaking 13,000 to you! You look like a short seller, and you weep like one too! Just one for instance: AP reports that, "Apple blew past Wall Street expectations Wednesday, posting quarterly profits that jumped 88%, fueled by strong sales of its iPod players and Macintosh computers." And remember that's coming off strong comps! Yep. As Shawn Tully calls it: "A perfect calm."
General Electric chairman and chief executive officer Jeff Immelt had many great things to say about his company's NBC Universal unit back in January when GE reported its fourth-quarter results.
No, it's not just greenwash. Business in the U.S. really has become cleaner and greener. Environmentalists actually have embraced market-based solutions. And the politics are about to get very inte...
General Electric CEO Jeff Immelt received $17.9 million in compensation last year, according to a company filing with the Securities and Exchange Commission.
Picture your favorite teacher from junior high. Now picture her clutching her retirement savings and chasing the same deal as a room filled with posh investment bankers and flinty real estate mogul...
"That was more or less made-up stupid drivel," says General Electric Chairman and CEO Jeff Immelt about a story in Wednesday's New York Post, which speculates that he is considering a sale of NBC Universal.
General Electric announced Friday it is restating earnings a total of $343 million lower. This in response to a decision made over five years ago by the chief accountant of the Securities and Exchange Commission on how the company recorded interest rate swaps.
A deep conversation with either General Electric CEO Jeff Immelt or Procter & Gamble chief A.G. Lafley is rare and valuable, but getting both of them together - that's like winning the lottery.
A.G. Lafley and Jeffrey Immelt have lots in common. They're silver-haired CEOs launched from Harvard Business School to become chiefs of giant, iconic companies.
WHEN YOU'RE SAVING FOR RETIREMENT, YOU FACE A timeline measured not in years, but in decades. How do you find investments that can go the distance, so that you don't have to keep worrying about you...
When you're saving for retirement, you face a timeline measured not in years, but in decades. How do you find investments that can go the distance, so that you don't have to keep worrying about your portfolio and making constant adjustments to your holdings, a practice that, study after study shows, lowers your returns?
In late July, Saturday Night Live head writer and "Weekend Update" co-anchor Tina Fey announced her departure from the comedy-sketch show to focus on 30 Rock, a new NBC show about, well, the female...
Tens of millions in the earnings and stock wasn't enough to stop General Electric CEO Jeffrey Immelt from bouncing a $2,000 check recently.
On paper, the most admired company in America--and the world--may not look all that distinguished. It isn't the biggest or the most profitable; it's not the fastest growing or the most valuable. It...
On paper, the most admired company in America -- and the world -- may not look all that distinguished. It isn't the biggest or the most profitable; it's not the fastest growing or the most valuable. Its stock has been practically inert for years. Allegations of managed quarterly earnings keep showing up in the press. What's to admire?
The problem with buying opportunities is that they usually show up just at the moment when most of us are hesitant to put money into stocks. And this looks like one of those moments. After teasing ...
If you run a big, highly-visible company in America, you can't please everyone, no matter what you do.
General Electric Co. posted a solid gain in third-quarter earnings Friday that met Wall Street forecasts.
If you could build a CEO to specs, how would you do it? As a platform, you'd engineer someone with machine-like stamina--someone who could work 100 hours a week for 24 years with no apparent ill ef...
Operating globally involves more than reaching out to far-flung locales for needy customers, low-cost labor, and ready capital. The smartest companies are looking far afield for innovation as well....
When Jeff Immelt became chairman and CEO of GE in 2001, the company had only two R&D centers. One, in the tiny upstate New York town of Niskayuna, hailed back a century to GE's founder, Thomas Edis...
When was the last time you heard about a bold CEO who has bet the company on some big, hairy project that may never pay off? Has the age of compliance turned executives into wimps with a calculator...
Conglomerate General Electric Co., a target of environmental activists in the past, announced a new push towards more environmentally-friendly business Monday.
MURPHY HAD HIS LAW. HEISENBERG HAD A principle. And Warren Buffett has a saying: "When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is us...
A few weeks ago, Jeffrey R. Immelt, the chairman and chief executive officer of the world's most valuable and most admired company, stood before General Electric's 200 corporate officers and said i...
In a lobby at the General Electric Complex known as the "House of Magic" sits a desk that belonged to GE founder Thomas Edison. There, under glass, are copies of his notebook papers with sketches o...
On a Sunday evening in 1879, Thomas Edison and his assistants powered up an electric bulb and took turns watching it. Over the past 18 months their quest for a workable filament had generated nothi...
Gumshoes, ex-wives, and investors take note: Through a website called the Golf Handicap and Information Network--ghin.com--anybody can get the goods on any golfer: handicaps, most recent rounds pla...
When Jack Welch retired in 2001, Immelt won one of the toughest succession battles ever to become the ninth CEO of the hugely respected 125-year-old corporate giant, beating out such rivals as Bob ...
Judging from the guests at Procter & Gamble's alumni gathering, the business world is run by Proctoids. GE's Jeff Immelt, 3M's Jim McNerney, and eBay's Meg Whitman were among 350 former P&G employe...
It may be hard to recall right now, but there was a time in the not too distant past when American corporations were genuinely admired and their CEOs appeared in newspapers and on magazine covers u...
Imagine starting your dream job as CEO of General Electric on Sept. 10, 2001. You're 45, and you've just replaced a business legend named Jack Welch (a tough enough act to follow), when on Day Two ...
When GE reported second-quarter earnings in July, Jeffrey Immelt had every reason to gloat: yet another quarter of double-digit (14%) earnings growth. Immelt predicts sales growth--a mere 4%--will ...
Poor Jeff Immelt. Following Jack Welch was never going to be easy. Then the global economy fell into recession, GE's stock began tanking, terrorists destroyed the World Trade Center (costing GE two...
There it is again, perched atop FORTUNE's Most Admired Companies list (see the following story) for the fifth year in a row. But when the guys who run General Electric go out among their public the...
Consistent extraordinary performance. That quality defines the companies that top FORTUNE's Most Admired list. It also defines photographer Michael O'Neill (above left, at work on his latest subjec...
Buying any stock is a gamble. Analysts constantly fine-tune their earnings projections, yet one in four companies has fallen short of estimates lately. Diligent money managers spend days interviewi...
About a month ago General Electric's new leader, Jeff Immelt--who faces the unenviable task of taking the reins of the world's most valuable company from the world's most celebrated CEO--gave his s...
When Cisco CEO John Chambers assured rattled investors earlier this year that annual sales growth would eventually return to the 30% to 50% range, he was essentially saying, "Trust me. Give me your...
In 1994, when he was a young pup of a manager at General Electric, Jeffrey Immelt had a bad year. A very bad year. The sort of year you don't want to tell Jack Welch about. Immelt's plastics divisi...
For Jack Welch, as for most CEOs, the final substantive act of his tenure was giving his job--and all its responsibilities--to his successor. Since this process takes place almost entirely outside ...
GE chairman-to-be Jeffrey Immelt may have gotten the crown, but it looks like the also-rans inherited Jack Welch's Midas touch--at least in the stock market. Since Robert Nardelli left for Home Dep...
Late last year, Jeffrey Immelt won the race to succeed Jack Welch, but so far the market has been more enamored of the runners-up: Robert Nardelli, who quickly left GE after Immelt's ascension to t...
The 1990s were to business what the 1940s were to Hollywood. The personalities were larger than life, the audience all agog--and nowhere did the klieg lights shine more brightly than on America's m...
Jeffrey Immelt must be having that Phil Bengston feeling right about now.
On a warm Sunday afternoon in Palm Beach, Fla., at the end of Thanksgiving weekend, Jack Welch climbed aboard a General Electric corporate jet and told the pilots they would not be flying to New Yo...
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