Jeffrey R. Immelt

(Jeffrey Robert Immelt)

Jeffrey R. Immelt
Jeffrey R. Immelt
  • Born: February 19, 1956
  • Nationality: American
  • Profession: Businessman

33

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9

Citations

61

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Jeffrey Robert Immelt is an American business executive currently working as a venture partner at New Enterprise Associates. He retired as chairman of the board of the U.S.-based conglomerate General Electric on October 2, 2017. 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 division (now known as GE Healthcare) as its president and CEO. Immelt stepped down as GE's CEO on August 1, 2017.

Quotes About
Author Quote
Quotes
Quote Topics Cited
Government has always driven growth. Development & Growth
He is my President …. When the President asks you to do something, you say yes. Detriments & Qualifications ;Public Office: Benefits
I would love to see more certainty on tax policy and regulations, but in a sense that is a crutch….We need more certainty of demand. Development & Growth
If you are on the wrong side of society you can’t win. Reform, Change, Transformation & Reformers
Politicians make the claim that our government has helped multinationals globalize and that businesses that globalize are somehow 'crony capitalists.' This is hogwash. Compliments, Insults & Rebukes ;Business, Commerce & Finance ;Politics, Politicians & Political Campaigning & Fund Raising
The market does not work in energy...Carbon has to have a value. Today in the U.S. and China it has no value Energy ;Environment & Environmentalism
The nuclear industry in America was built on the back of the Defense Department. Energy ;Nuclear, Chemical & Biological Weapons & Energy
The world is becoming much more volatile. We all have to learn to take a deep breath and count to 10. Public Opinion & Polling ;Foreign Policy, World & International Affairs
We should have a national standard. State by state is death. Business, Commerce & Finance
As one of America's largest exporters, GE remains committed to producing more products in the United States, which is our home and largest market.
Business leaders should provide expertise in service of our country. My predecessors at GE have done so, as have leaders of many other great American companies. Business, Commerce & Finance
Enron and 9/11 marked the end of an era of individual freedom and the beginning of personal responsibility. Freedom & Liberty
Every leader needs to clearly explain the top three things the organization is working on. If you can't, then you're not leading well.
GE sells more than 96 percent of its products to the private sector, where America's future must be built. But government can help business invest in our shared future. Future ;Government ;Business, Commerce & Finance
I do business in 170 countries; none of them is perfect. There is not even one country that I think of, and I am like, 'God, that did everything that I wanted it to do.' Religion & God ;Business, Commerce & Finance
I grew up in Cincinnati, Ohio, and my parents are really right wingers. My dad watches, like, five or six hours of 'Fox News' every day and stuff like that. Families, Children & Parenting
I have learned that nothing is certain except for the need to have strong risk management, a lot of cash, the willingness to invest even when the future is unclear, and great people. Future
I love working with customers. Sales has really influenced everything I do. It has instilled in me the important traits of operating with a sense of urgency and listening to people. Love, Romance, Marriage & Sex
I think that if you run a big company, you've got to, four or five times a year, just say, 'Hey team, look, here's where we're going.' If you do it 10 times, nobody wants to work for you. If you do it zero times, you have anarchy. Work, Workers & The Labor Force
I think this notion that it's the population of the U.S. against the big companies is just wrong.
I think we should have basically the same tax policy that Germany, Japan, the U.K., everybody else has, which is a tax rate in the mid-20s and no loopholes. Zero. The U.S. has the most antiquated tax system. And that means some people are going to pay more taxes, and some people are going to pay less.
I'd be lying if I didn't say there were days when I went back and said, 'I wish I'd done this. I should have done that. I handled this the wrong way.' But it's always in the motivation of getting better. I've never once looked in the mirror and said, 'Oh boy, can't do this one.'
I'm a complete globalist. I think like a global CEO. But I'm an American. I run an American company. But in order for GE to be successful in the coming years, I've gotta sell my products in every corner of the world.
Is France a completely open market to G.E.? No, of course not. I think we're more discerning about China because it's China, and they're big, and they're more concerning. But the best global companies are ones that are nuanced.
Leadership is an intense journey into yourself. You can use your own style to get anything done. It's about being self-aware. Every morning, I look in the mirror and say, 'I could have done three things better yesterday.' Morning ;Leaders & Leadership
Many bought into the idea that America could go from a technology-based, export-oriented powerhouse to a services-led, consumption-based economy - and somehow still expect to prosper. That idea was flat wrong. Our economy tilted instead toward the quicker profits of financial services.
President Obama has asked me to chair his new President's Council on Jobs and Competitiveness.
September 11 was horrific, but I've been through enough crises before that I had my own pattern as to how to collect facts, what a leader should do, how to communicate with people, how to set up operating mechanisms to work our way through it. Work, Workers & The Labor Force
The one thing that people don't get about GE is that, to the people who work here, it's not a company. It's not just a job. You feel like you're part of a 120-year-old ever-growing, ever-improving family. Families, Children & Parenting ;Work, Workers & The Labor Force
There is no real magic to being a good leader. But at the end of every week, you have to spend your time around the things that are really important: setting priorities, measuring outcomes, and rewarding them. Time
When I was a young guy, when I first started with G.E., Jack Welch sent us all to Japan because in those days Japan was gonna crush us. And we learned a lot about Japan when we were there. But over the subsequent 30 years, the Japanese companies all fell behind. And the reason why they fell behind is because they didn't globalize.
When you take over a company like GE, you think you're going to visit 100 businesses. You're going to go see the factories you haven't seen before. You're going to see a site in Texas and one in Canada and stuff like that. That has fallen by the wayside.
You can stay too long in a job, that's for sure. But by the same token, in the 12 years I have been CEO of GE, there have been four CEOs of Toshiba. So there's too short a time to do it, and there's too long a time to do it. Time