Jeffrey Immelt

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Last quote by Jeffrey Immelt

We're not going to have as many workers.feedback
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May 12 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: “All of our global competitors have some form of a border adjustment. Isn't it worth a debate?” in the article Border adjustment tax is not productive, Trump trade advisor says. An other article where Jeffrey Immelt has been quoted is GE CEO warns against U.S. protectionism, wants level playing field.
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Jeffrey Immelt quotes

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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