Last quote by Jeffrey Immelt
Jeffrey Immelt quotes
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.
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.
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.
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.
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.
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.
The transaction assumes a slow recovery (in oil prices), really $45 to $60 per barrel through 2019, and this seems reasonable.
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.
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.
The bill is not balanced, sets a dangerous precedent, and has real potential to destabilize vital bilateral relationships and the global economy.
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.
Additive manufacturing (3D printing) is a key part of GE's evolution into a digital industrial company.
The diversity and scale of our portfolio enabled the company to perform well despite a volatile and slow growth economy.
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.
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.
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.
The oil and gas environment is challenging.