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Former General Electric CEO Jeff Immelt Reflects on His Career, Jack Welch, and the New CEO 

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Feb.22 -- Jeff Immelt will be remembered as the CEO who wrecked an American icon: General Electric. When he took charge in 2001, GE was the world's most valuable company. When he was pushed out 16 years later, it was in a perilous slide. Immelt, who's releasing a new book, “Hot Seat,” tells his side of the story in this interview with Erik Schatzker.

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22 фев 2021

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Комментарии : 29   
@edc1967
@edc1967 3 года назад
Who else is reading Lights Out?
@TheJwang7
@TheJwang7 3 года назад
Really missing the glory old days of GE....been with the company for more than 15 years, I missed the company and still love it.
@davidng2699
@davidng2699 3 года назад
John Flannery should also write a book on his experience at GE because he did try to right the ship but it had already taken in too much water.
@genel6830
@genel6830 Год назад
Lights Out - read it and you’ll get a better sense of Immelt
@lindafarnham9993
@lindafarnham9993 3 года назад
He walked into a mess: 9/11, 2008 recession, etc.!
@Astrotase
@Astrotase 3 года назад
He fucked up big time
@pantommenace7085
@pantommenace7085 2 года назад
Went through two recessions give him a break
@LesliemSeely
@LesliemSeely Год назад
I worked at GE 1965-2000, I look back and see how the company declined, it was unbelievable. I was a welder in a service shop, ended up needing to be on the road a lot just to have a job. We had great people in the field, and shops but the leaders cared about themselves to much, the worker was always the fall guy. It was a great job , I enjoyed some travel, all the places I seen and people I met, the big shots took their big money, retirements and benifits and we the workers try to get by. GE got so they did not care about us the workers. WElch sold off to many parts of the company, Immelt was not qualified to run this company.
@edwardkierklo9757
@edwardkierklo9757 Месяц назад
You have the best perspective. Welch was a villain and the hero worship as the first celebrity CEO was a disaster not just for GE but America. Immelt is a chump with nothing to contribute.
@lindafarnham9993
@lindafarnham9993 3 года назад
Immelt came from a middle class family. He did not grow up with a silver spoon in his mouth! He WORKED his way up!
@monsterboomer8051
@monsterboomer8051 3 года назад
And took a revenge on them rich people by destroying their equity. Nice.
@Astrotase
@Astrotase 3 года назад
He was incompetent! Plain and simple
@indraneilpaul1309
@indraneilpaul1309 3 года назад
Tells you a lot about how the higher classes close ranks to prevent upward and downward mobility in the nation. The executives only ever manage to fail upwards, earning millions and securing swanky business school gigs and securing enviable positions in the startup space (what business does this guy have advising startups is beyond me) even after having disastrous careers. This recent tour whitewash his image using a convenient book, and how the business channels are facilitating it just shows how close this network at the top is.
@LarsPW
@LarsPW Год назад
Jeffrey Immelt might be a case of class but other than you think. When he headed the medical systems division under Jack Welch it performed best of all in GE, because he had been oriented on the demands of GE. When he became CEO of GE he had to do with analysts, bankers and the like, so he might have somewhat admired them. And he followed too often their wishes, considered as his main mistake.
@robertravensbergen8375
@robertravensbergen8375 3 года назад
lol what a joke
@NitishKumar-jm7ec
@NitishKumar-jm7ec 2 года назад
What the hell is that
@user-ms4qq4ff8p
@user-ms4qq4ff8p 3 года назад
Old Jeffie took a 4 star blue chip company and drove it into the ground. At the end end of the day, all blame is his and he needs to own it and stop blaming others. He was the worst CEO of any company.
@pida9669
@pida9669 2 года назад
If Immelt was so terrible as a CEO, why did the board of directors not vote him out at any point during his 16 year tenure? In contrast, his successor Flannery was voted out after about a year...
@petepotr4078
@petepotr4078 Год назад
Let’s not forget about Welch setting up GE for failure.
@Chertoff88
@Chertoff88 3 месяца назад
When Coca-Cola stopped making Cherry coke. Immelt bought all the rest and bought a warehouse at the companies expense to house all the Cherry coke because it was his favorite drink. I know. Im the guy who had to handle the P.O.
@sao9995
@sao9995 Год назад
He has no answers. He's an excuse maker. He's trying to be a good loser, and you know what Vince Lombardi told us. . . "Show me a good loser, and I'll show you a loser."
@StarofDavid616
@StarofDavid616 2 года назад
Nobody wants to buy GE because its too expensive
@sao9995
@sao9995 Год назад
That failure (Immelt) leaves behind a rich man is indicative of a failed system. This guy is a pontificating failure; who would value his crystal ball?