Jeffrey Immelt

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Last quote by Jeffrey Immelt

We've reduced our Industrial structural costs year to date by $670 million and we are on track to meet or exceed our $1 billion cost reduction target for the year. The global scale of the company, along with our ability to innovate industry-leading products and services, will help us navigate the current environment and unlock productivity across our businesses and markets. We're looking forward to a smooth transition of the CEO position on August 1, when John Flannery becomes CEO. ... I am as confident as ever that John is going to be an outstanding leader of this great company.feedback
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Jul 21 2017
We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which Jeffrey Immelt is associated, including GE and Baker Hughes. Most recently, Jeffrey Immelt has been quoted saying: “The global scale of the company, along with our ability to innovate industry-leading products and services, will help us navigate the current environment and unlock productivity across our businesses and markets.” in the article GE beats on earnings but revenue falls 12%.
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Jeffrey Immelt quotes

Jun 15 2017

There's 330,000 people that work for GE and none of them had a productive day yesterday, none of them had a completely productive day. So my own belief is that when it comes to digital tools and things like that, that first part of the revolution, is going to be to make your existing workforce productive. I think this notion that we are all going to be in a room full of robots in five years … and that everything is going to be automated, it's just BS. It's not the way the world is going to work.feedback

Jun 12 2017 - Protectionism

We're in an era when some very basic assumptions about the global economy are being tested - an era when trust in big institutions is so low that the most valued 'strategy' is simply change in any form.feedback

Jun 12 2017

John is the right person to lead G.E. today. He has broad experience across multiple businesses, cycles and geographies. He has a track record of success and led one of our most essential businesses.feedback

Jun 01 2017 - Climate change

Disappointed with today's decision on the Paris Agreement. Climate change is real. Industry must now lead and not depend on government.feedback

May 12 2017

We're not going to have as many workers.feedback

May 05 2017 - Protectionism

All of our global competitors have some form of a border adjustment. Isn't it worth a debate?feedback

May 05 2017 - Protectionism

Because of these factors, we are not going back to a pure free trade world. But is protectionism the answer? I guarantee you ... we have the most to lose through protectionism. We will not grow if we don't trade with people. All of our global competitors have some form of a border adjustment. Isn't it worth a debate?feedback

Apr 27 2017

So, I don't think it's something we should do every day, but I do think we're also stewards of our companies, we're representatives of the people that work with us, and I think we're cowards if we don't take a position occasionally on those things that are really consistent with what our mission is and where our people stand.feedback

Apr 21 2017

We expect the deal to close in mid-2017. We are executing a $2 billion cost out program over 2017 and 2018 to deliver more value to our customers, shareowners, and employees.feedback

Apr 05 2017

We were trying to talk President Trump into doing 'The Apprentice.' ... President Trump goes up to a par of 3 on his course. He goes up to the three of us and says: 'You realize I'm the richest golfer in the world?' Then gets a hole-in-one.feedback

Mar 31 2017 - China

The country loses if we don't trade. The relationship with China is key. If you give up on trade, you give up on the best lever that the president of the United States has in negotiating around the world. I just think that President Trump is too smart to give up on that.feedback

Mar 18 2017

We're all Democrats now. I built my career in a time when productivity, innovation and globalization were essential to success, the way to win.feedback

Feb 16 2017

The proof of the pudding is reality. Our orders are growing 25 percent a year. We are kind of first among equals in the industrial internet. We can play. We can do this.feedback

Feb 15 2017

From an offensive standpoint … but also from a defensive standpoint; every industrial company is going to have to stake its digital claim in terms of how you do a better job with customers, how you can drive costs down, and we can lead this. In the industrial internet world, we have a brain and a body. People just have a brain. I think ultimately the guys that are going to win this are the ones that can deliver these solutions point by point by point. That's how the industrial world works.feedback

Feb 10 2017

We're forecasting 3-5 percent organic growth, 100 basis points improvement. Good backlog, good momentum. I like the way we're positioned in 2017.feedback

Feb 10 2017

We've laid out a plan to do aggressive cost take down. We've got strong organic growth. Between the buyback and the acquisitions, good boost to earnings per share. Our EPS last year was above the XLI. Our organic growth was above the XLI. So again, I like the way the company is positioned this year.feedback

Feb 09 2017 - Disney

We create great jobs here when we sell our products every place, and I think the president knows that. We don't have to go through Washington on our way to be global. We are global. We've got people all over the world.feedback

Feb 08 2017

We are running the export play. I think these things like wage arbitrage, that's 1980s. That's what GE did in the 1980s. Now when we globalize it's to sell more. I would say to the President, Look, level the playing field. We can take on any company in the world. Help us do that.feedback

Feb 08 2017 - Oil

We don't really need trade deals to be able to be effective. We can kind of navigate the world on our own and I am perfectly comfortable doing that. If you look at last year in its totality, really the biggest drain on the company was oil and gas by far. Oil and gas down 35 percent, the rest of the company up 8 percent.feedback

Jan 30 2017

We stand with them and will work with the U.S. administration to strive to find the balance between the need for security and the movement of law-abiding people.feedback

Jan 30 2017

We stand with them and will work with the U.S. administration, to strive to find the balance between the need for security and the movement of law-abiding people.feedback

Jan 30 2017

We will continue to make our voice heard with the new administration and Congress, and reiterate the importance of this issue to GE and to the business community overall.feedback

Jan 20 2017 - 3D printing

We executed on our 2016 goals and continued to drive growth across our businesses through the GE Store while investing in additive manufacturing and digital technology. We delivered $1.49 of earnings per share this year and 1 percent of organic growth. We reported $32.6 billion of free cash flow and dispositions and returned $30.5 billion to shareowners through dividends and buyback.feedback

Nov 22 2016

For someone like us that's an exporter, really we make and sell things around the world, we can navigate the world on our own.feedback

Nov 15 2016

What President Trump will learn is that, as he travels the world, trade deals give him power. The ability to use trade as an economic negotiating technique make him more powerful. If the President of the United States travels around the world, and has nothing to offer from a standpoint of economic connection, you lose half of your negotiating power. And this guy is a negotiator; he's a dealmaker.feedback

Nov 15 2016

I believe in trade deals, but we don't need trade deals in GE. We're a global company, we sell in 190 countries around the world, we do it from a local standpoint – we're going to keep globalizing.feedback

Nov 01 2016

The day we announced the Alstom acquisition, we talked about $1.2 billion of synergies. The day we closed it we talked about $3 billion, so I think in some ways our track record speaks for itself.feedback

Oct 31 2016

The transaction assumes a slow recovery (in oil prices), really $45 to $60 per barrel through 2019, and this seems reasonable.feedback

Oct 31 2016

It gives the Baker Hughes investors a 30 to 40 percent premium including synergies and gives I think a better combined business for both GE and Baker Hughes investors going forward, so we like the structure.feedback

Sep 27 2016

The Donald Trump that I had a chance to work with, I found to be fun to work with. The words? I can't reconcile with anything I believe in, or that I think the country stands for or that the company stands for.feedback

Sep 23 2016

The bill is not balanced, sets a dangerous precedent, and has real potential to destabilize vital bilateral relationships and the global economy.feedback

Sep 06 2016 - 3D printing

Additive manufacturing will drive new levels of productivity for GE, our customers, including a wide array of additive manufacturing customers, and for the industrial world.feedback

Sep 06 2016 - 3D printing

Additive manufacturing (3D printing) is a key part of GE's evolution into a digital industrial company.feedback

Jul 22 2016

The diversity and scale of our portfolio enabled the company to perform well despite a volatile and slow growth economy.feedback

Jul 11 2016 - Pokemon

I'm not a great gamer, so I can't really say how much that's worth – but the industrial applications of this are going to be billions of dollars of productivity.feedback

Jul 11 2016 - Microsoft

We can compete. I understand that there's people that haven't done as well as others has as we've globalized. But the fact is that this country is quite competitive. We have great people that work in our factories. We have great products. I would love to see more policies that would help us compete globally versus closing the door on globalization.feedback

Jul 11 2016 - Microsoft

Everybody looks at these trade deals and things like that to be for Microsoft and GE or big companies like that. We've already globalized. We have 400 factories around the world. Microsoft is in every country around the world. These trade deals help small companies, not big companies.feedback

Apr 22 2016

The oil and gas environment is challenging.feedback

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