We can't make appliances in the United States and make money.
More Quotes from Jeff Immelt:
I am so confident, in fact that I have asked the Compensation Committee of our board to pay my cash incentive bonus in GE performance shares for 2005.Jeff Immelt
ERC doesn't really fit the GE that I want to have, ... The return on equity is too low and there's too many commodity segments. I hate having to give this message to you, but my responsibility to you is to manage it, and that's what I'm doing.
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
GE delivered in the first quarter for the same reason we have delivered throughout the economic downturn -- the strength of our business model, ... Our mix of businesses and execution of our productivity and business development initiatives ... enable GE to deliver earnings and cash growth through economic cycles.
Jeff Immelt
We've tried for a long time. We've got a great management team in Louisville. But all that manufacturing's going to be in China and Mexico,
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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