@Revolution:Global Business News

New Economy, Leadership, Entrepreneurship, Management, Global Business

Jeff Immelt: CEO of General Electric

Posted by iBlog on August 9, 2007

A candid conversation with the CEO of General Electric about leadership, creativity, fear — and what it’s really like to run the world’s most influential company The year Jeff Immelt’s career almost blew up was 1994. He was vice president and general manager of GE Plastics Americas, and his division was caught in a classic profit squeeze — the crunch that comes when raw-material costs rise and a company is locked into fixed-price contracts with customers. Instead of making his 20% profit-growth goal, he delivered earnings growth of just 7%. The upshot: Immelt missed his net-income number by $50 million.

Read the full article in Fastcompany.com


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