Because appliances and lighting have powerful connections with similar consumer bases, we believe they will now be able to grow more successfully together than either would on its own, ... We want to create a simpler, more efficient business that will be competitive across all product lines. By taking out administrative costs, we will be able to put that money back into investing in new technologies and building greater brand awareness.
More Quotes from Jeff Immelt:
The year is turning out as planned, ... As expected, the ramp-down of our turbine shipments in the first half created earnings pressure. However, we are executing with broad-based strength to generate significant growth in the second half. We see nine of 13 businesses growing in double digits and more favorable comparisons in power systems and insurance.Jeff Immelt
We continue to see good fundamentals across the rest of our businesses, and our earnings guidance remains consistent with prior expectations,
Jeff Immelt
We have estimated the losses at GE Insurance Solutions from the storm and its aftermath, and despite this impact, we are confident we will deliver on our commitment to shareholders and are reaffirming our earnings guidance for the third quarter and the year.
Jeff Immelt
The countrys emphasis on skills development and a supportive investment climate is also key to Malaysias attractiveness as a foreign investment destination,
Jeff Immelt
One of the optimists is eco-designer Bill McDonough , whom we bumped into in Beijing, at the Fortune Global Forum this May. As chair of the China-U. S. Center for Sustainable Development, he believes China will be forced to become a leading incubator of environmental innovation simply because the in-country collision between people's needs and the ability of natural systems to support them is already so acute. As he notes, The Chinese have to build new housing for 400 million people in 12 years. ... While Europe has been a driver for innovation in cleaner technologies, China promises to be its market.
Jeff Immelt
Some people think that big companies can't grow. We use our size as a basis for growth. Globalization is an area where size is an immense advantage.
Jeff Immelt
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