immelt

But less than a year earlier he had chastised Jeff Immelt, his successor, for failing to respect the discipline this dumb idea demands.

Mr. Immelt said the finance arm will shrink to concentrate on more-profitable sectors that are better connected to other GE businesses.

In a statement, GE said Mr Immelt's remarks had been taken out of context and contested the accuracy of the reporting.

The oil and gas unit is part of the GE Energy Infrastructure segment, a business Immelt has said he wants to expand.

"I think (Immelt) has done as good as he could in this environment, " he said.

So it comes as a shock when somebody like Immelt speaks his mind on China, even at what was apparently a private event.

'The past 10 years have been a mess from a macro standpoint, ' says Mr. Immelt, who ran GE's health-care division before taking the top job.

Imagine, though, that Mr Immelt changed his mind and decided he would like to be rid of GE Capital.

In the end, Mr. Immelt said he joined the council of 27 CEOs because he felt he needed to respond to a president's request.

Much of that debt is guaranteed by the U. S. government, but Mr. Immelt said GE had issued unguaranteed debt in the past month.

Companies will "fundamentally reset" the way they work, said the CEO of General Electric, Jeffrey Immelt.

A Reuters news service report from Delhi also says Immelt committed the company to a $5 million contribution to relief efforts.

The answer Immelt gave in a recent WSJ interview was 'sort of, but not really. '

'Our expectation is to have a pathology business that is in excess of a billion in the next five years or so, ' Mr. Immelt says.

Mr. Immelt said GE's $120 billion order backlog and large service businesses would help the company get through the recession.

Mr. Immelt said that the steel encasement of the reactors has yet to be breached, a critical element in preventing an even worse situation.

Take the case of General Electric, whose chief executive, Jeffrey Immelt, has just been appointed to head that renamed advisory board.

However, Mr Immelt said that did not mean that sales for its industrial businesses in China had been disappointing.

Was Jeff Immelt born as a leader? Or did he develop as a leader as he came through GE?

Mr Immelt argues that he had to reverse course swiftly in the autumn because financial markets suddenly took a turn for the worse.

"We continue to see strong demand for credit, " GE Chairman and CEO Jeff Immelt said.

Mr. Immelt was a leading corporate supporter of the $787 billion federal stimulus bill, praising it in op-ed pieces and speeches.

'Immelt expressed anger at China, because it's trying to suck technology away, ' this person said.

"It's not as if we can say: 'Let's have low productivity', " remarked Mr Immelt as we walked around the Greenville plant.

In a speech at West Point last December, Mr Immelt was full of praise for China's industrial planning.

It might be wonderful to be head of GE, and Jeff Immelt is a friend of mine. And he's a great guy.

Jeffrey Immelt's decade-long tenure as CEO has been one of "decline, mistakes, and wealth destruction, " Fortune concluded recently.

Jeffrey R. Immelt now finds himself charged with delivering double-digit growth amid war and a nasty downturn.

Chief Executive Officer Jeffrey Immelt is scaling back some of the cash-saving steps he adopted in 2008 as the financial crisis deepened.

Jeffrey Immelt, the CEO of General Electric, complained last Friday that government was not in sync with entrepreneurs.

Mr Immelt boasts of record aircraft engine orders at the Paris Air Show in June, none of them to American airlines.

When interviewed last week by the Financial Times, Mr Immelt was almost shouting his concerns from the rooftop.

'I am leading the jobs council because I thought it was the right thing to do, ' Mr. Immelt said in an August interview.

Unfortunately for Mr Immelt and his contemporaries, these are not the 1990s and nor are they like the several years that followed.

America needs more than a recovery. It needs what Jeff Immelt, General Electric's CEO, describes as a national "reset" .

Over the past year, Immelt has bought GE stock at $33, $15, and a few days back at $8. 26.

Mr. Immelt counters that only two other companies, Exxon Mobil Corp. and Royal Dutch Shell, have made more money over the past decade.

Mr Immelt has also given up a special, three-year, long-term incentive payment that would have been worth $11. 7m.

Immelt: I think about the company all the time, and I don't need much sleep.

And General Electric Co. 's Jeff Immelt completes his tumultuous first decade at the helm of the conglomerate.

Jeff Immelt, the boss of GE, has said that the administration is not in sync with entrepreneurs.

Now it brings in about 23 per cent and Mr Immelt has indicated he would like things to stay that way even when the economy turns.

GE said that Mr Immelt's comments, at a private dinner, were taken out of context.

At a conference last week, Mr. Immelt expressed frustration at the summer's debt-ceiling standoff.

"I really worry about China, " Mr Immelt said, accusing Beijing of becoming increasingly protectionist.

The "I love Jack" premium baked into the share price under Mr Immelt's celebrated predecessor, Jack Welch, has long gone.

Immelt, who met with President Obama in India before traveling to China, expressed concern about China's industrial policy.

Under Jack Welch, Mr Immelt's predecessor, the company had made a modest investment in China-based research.

Jeffrey Immelt, General Electric's (GE) chief executive officer, believes that what the corporate world faces now is a fundamental "reset. "

Mr. Obama also promotes his decision to appoint General Electric's chief Jeff Immelt to head a new Council on Jobs and Competitiveness.

Immelt's comments merely summed up a growing sentiment among foreign business leaders that the atmosphere in China has worsened.

Mr Immelt, in his talk at the West Point military academy last month, delved deeper.

It is a blow to the company and Jeffrey Immelt, its boss.

'I look at my American colleagues, the hardest thing to do in China is get a win-win relationship, ' Immelt said on June 2.

Raw materials costs, a drag on GE profits in recent years, are falling and should boost margins next year, Immelt added.

Mr. Immelt's remarks from the Rome gathering were reported earlier by the Financial Times.

Mr Immelt has now opted to focus on spinning off the entire division.

In the Harvard Business Review paper, Mr Immelt described this trend as "reverse innovation" .

Jeffrey Immelt, head of General Electric, also sounds disillusioned.

In 2005, General Electric CEO Jeffrey Immelt stunned corporate America by endorsing federal limits on carbon emissions.

But it is a blow for Jeffrey Immelt, chief executive, and Keith Sherin, chief financial officer.

Jeff Immelt of GE has backed the idea that his company should disrupt itself with cheap products from India and China.

Jeff Immelt, chief executive of General Electric, has called this the "reset world" .

In the summer Mr Immelt added a loyal backer by bringing in Abu Dhabi's Mubadala sovereign-wealth fund as a big shareholder.

Meanwhile, Immelt has been allocating some $20 billion of capital annually into energy-oriented businesses.

Even so, GE has such high hopes for China that Mr. Immelt has called it 'our second home market. '

Mr Immelt's response is that the scenario would not make business sense.

Mr. Immelt, the CEO, says he'll take responsibility if the venture goes wrong.

Some former GE executives and investors say Mr. Immelt sells late and buys too high.

'Ripping sounds always help people focus the mind, ' Mr. Immelt says.

The sale gives GE more flexibility and would allow it to "play offense" in making acquisitions, Immelt said.

Immelt, who already is planning strategic changes in GE's portfolio.

Jeff Immelt, chief executive of General Electric Co.

Immelt: I want to take the power of digitization and transform the way the company is run.

Mr. Immelt has a statue of Mr. Reagan in his office.

A similar attention to balancing the needs of GE's best and worst performing businesses informs Mr Immelt's management philosophy.

Two years ago, Mr. Immelt said China revenue would double to $10 billion by 2010.

"Immelt needs to go, " he added.

Immelt isn't the first CEO to break ranks and talk bluntly about the problems multinationals grappled with in China.

GE chief Jeffrey Immelt hopes to keep the momentum going.

GE said Mr. Immelt was in transit, and not available for comment.

Immelt said in May he planned to raise the dividend and increase buybacks by 2011.

years' for compensation for Jeffrey Immelt, the CEO of General Electric, based on his 2011 pay.

Mr. Immelt said GE's second-quarter results won't be bad.

Two years ago, Mr. Immelt said GE wanted to achieve $10 billion in sales in China by this year.

GE and Mr Immelt dispute his account.

China is GE's fifth-biggest market; in 2008, Mr Immelt said sales there could reach $10bn by 2010.

GE's motto is 'Imagination at Work' and Immelt said GE is determined to sink deeper roots in China.

Two years ago, Immelt said GE would double its revenues in China to $10 billion by 2010.

"I don't think anybody has played China better than GE has, " Mr Immelt said late last year.

In the end, GE chose Mr Immelt.

Immelt said GE is looking to deepen its roots in China, not pull back.

In 2008 Mr Immelt said sales there could reach $10bn by 2010.

And so goes Mr. Immelt's General Electric.

Mr Immelt said then: "The reason for doing this is simple - I want more direct contact with the financial services teams. "

As Mr Immelt told his audience at West Point last year, China's leaders "do exactly what they say they will do" .

But is it Chairman and CEO Immelt who is actually responsible for these outcomes?

Immelt: The two factors I watch are what's happenIng wIth the consumer and when wIll technology reInvestment occur

CHINA AND INDIA WILL SHELTER GE FROM US DOWNTURN, SAYS IMMELT

Mr Immelt's Rebuilding of GE