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Rakesh Saxena submits: Most certainly in front of a computer, watching the Webcast of the FDIC Board meeting, waiting to see what changes the agency finally makes to the Interim Rule governing the Temporary Liquidity Guarantee Program. For that matter, other potential participants in the $1.4 trillion debt-insurance scheme will also be focused on the FDIC later this afternoon, if only to check whether...
General Electric , which owns NBC Universal among other media entities, wants to find more media buys, GE chief executive JeffImmelt told the Financial Times via Hollywood Wiretap . Immelt said the company had the resources to capitalize on bargains as it wades through the current economic downturn. The comments are a sign that the economic crisis has not shaken General Electric's...
This fall I have been at three terrific conferences, each having GE CEO JeffImmelt as a key speaker. From Arthur Page (membership-only senior corporate communications executives), to the Harvard Business School Centennial, and last week, at the Business for...
The U.S. conglomerate General Electric Co. (GE) will earn 20 billion dollars this year, said its CEO JeffImmelt in an interview with the economic daily Les Echos, without specifying what results. U.S. investor Warren Buffett injected $5 billion into General Electric’s equity as the company needed to maintain its “AAA” debt rating, not because it [...]
The two most influential companies in America, I’d argue, are GE and Wal-Mart. GE has clout because of the respect accorded its managers, even after a tough run under JeffImmelt. Wal-Mart matters because of its scale, meaning that most everyone in the consumer products business wants to do business with Wal-Mart. Both have wrestled [...]
WASHINGTON, Oct. 20 /PRNewswire/ -- The board of directors of the
General Electric Company should immediately dismiss Chairman and CEO JeffImmelt says Action Fund Management, the investment adviser to the Free
Enterprise Action Fund (Ticker: FEAOX), a publicly-traded mutual fund.
AFM urges GE's board to take immediate action because after years of
failed leadership on the part of Immelt,...
... those non-Obama Democrats, to say nothing of independents and Republicans, are going to be asking JeffImmelt , CEO of GE, why the rest of us must subsidize the left-liberalism of GE's MSNBC unit. GE is a bigger company than MSNBC, and there might well be some non-Obamans inside the corporate structure, although of late, you wouldn't know it. Cross-posted from The Cable Game
... taxation to finance a mildly redistributive welfare state. But “let’s let Vikram Pandit and JeffImmelt centrally plan the economy — after all, they’re really brilliant!” But in the real world, the point of markets isn’t that executives are clever and bureaucrats are dimwitted. The point is that nobody is all that brilliant. Nobody really has a reliable method of surveying the scene...
NBC Universal parent company General Electric sold $15 billion worth of stock last month in order to stave off a reduced credit rating. But as the credit markets begin to stabilize, GE CEO JeffImmelt says the company might spend some of that cash bargain-hunting in media and other industries. 'There are going to be some opportunities in media consolidation, in infrastructure, oil and...
... the smartest of the smart money, the Saudi billionaire can now join Warren Buffett, G.E. boss JeffImmelt , and countless others who are bottom-feeding before Wall Street has found its bottom. His Kingdom Holding Co. is down 63 percent this year, costing him $13 billion in paper losses, according to Bloomberg . The prince stepped up today and increased his stake in the megabank from...
... GE’s iconic CEO Jack Welch retired, Nardelli was a finalist for the job but was passed over for JeffImmelt (still with GE but for how long?). That disappointment did not last long because almost immediately after losing the race to head up GE, he was offered the CEO position at The Home Depot ( HD ) in December 2000. This was his first experience in retail, and he brought the “Six...
... GE’s iconic CEO Jack Welch retired, Nardelli was a finalist for the job but was passed over for JeffImmelt (still with GE but for how long?). That disappointment did not last long because almost immediately after losing the race to head up GE, he was offered the CEO position at The Home Depot ( HD ) in December 2000. This was his first experience in retail, and he brought the “Six...
... take effect Jan. 1. News of GE's plans came at the end of a day when Chairman and Chief Executive JeffImmelt acknowledged the year ahead would be "challenging." "Everybody's getting prepared for a challenging 2009," Immelt said at a GE briefing in New York on its health-care business. Ads By GoogleThe company provided few details on how it would cut costs. A GE spokesman declined...
... effect January 1.News of GE's plans came at the end of a day when Chairman and Chief Executive JeffImmelt acknowledged the year ahead would be "challenging.""Everybody's getting prepared for a challenging 2009," Immelt said at a GE briefing in New York on its health-care business.The company provided few details on how it would cut costs. A GE spokesman declined to say how...
... business practices could have lessened, or even prevented, the current economic downturn. As JeffImmelt, GE CEO and keynote speaker, explained during the conference, his beliefs on the role of business addressing climate change and selling products that help solve environmental problems are not just feel-good; it’s ultimately about the bottom-line. GE’s suite of ecomagination products...
