Jeff Immelt Quotes (28 Quotes)

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.

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.

Insurance Solutions has been a tough strategic fit for GE,

We are on track for double-digit growth in earnings and cash flow in 2005 and beyond,

Reinsurance is an industry that has had a difficult time over the past few years, and we're disappointed in our results, ... We are committed to running ERC effectively for our investors. This includes profitability and exploring strategic options.

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.

The purpose of this generation of GE leaders is to make the company as good externally and commercially as it has always been operationally and financially.

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.

We can't make appliances in the United States and make money.

It's appropriate to step up our current activity and affirm our faith in the long-term prospects of the company.

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.

It's really the broadest growth we've seen since the first quarter of 2000,

This is the single biggest advance in mammography in 30 years, and women throughout the United States now have access to a powerful new tool in the fight against breast cancer,

Over the last five years, the Insurance Solutions business has lost 700m and required the infusion of 3.2bn of capital.

(Friday's) increases, in both our dividend and our share repurchase program, signal our confidence in our ability to extend this track record of returning value to shareowners,

We're really not counting on any huge moves with the portfolio. I think we like the company the way it looks today.

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,

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.

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.

This reorganization will enable Lighting and Appliances to provide more cost-effective and pointed approaches to supporting all of our customers needs,

The countrys emphasis on skills development and a supportive investment climate is also key to Malaysias attractiveness as a foreign investment destination,

We're positioned to win in this environment. We've got the company so we can have good operating growth in 2003, ... We're executing on a very strong leadership agenda, transforming the portfolio and building sustainable growth.

GE's end markets continue to show solid growth, and our businesses are performing very well,

We really don't see a double dip, just slow economic growth,

We continue to see good fundamentals across the rest of our businesses, and our earnings guidance remains consistent with prior expectations,

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.

I made a few tough calls in 2005 that may have had a short-term impact on the stock. The sale of Insurance Solutions for a loss is one of them. But I know you will be happy with these decisions over time.

We also remain confident that we will achieve 10 to 15 percent earnings per share growth in 2005,