Comments on: American Renewal: Immelt addresses Detroit Econ Club

By: T Niescier

T Niescier — Sun, 11 Sep 2011 21:44:43 +0000

DeeDee, you’re absolutely right. Actions speak louder than words and what you said about GE can be said about lots of US companies who are making millions in the far east, not repatriating their profits and cutting jobs in the US while hiring over there. Can you say Caterpillar? Is this the American way? Maybe you can use the patriotic 9/11 sentiment to turn this ship around and create and keep jobs in N America.

By: GE Reports Editor

GE Reports Editor — Wed, 24 Aug 2011 17:21:57 +0000

DeeDee,

Thanks for your comment. Please see here for a map showing locations in the U.S. where GE has announced the creation of over 8,000 new jobs in the last 18 months: http://www.gereports.com/ges-american-jobs-map-over-8000-new-jobs-announced-in-18-months/

On the X-Ray Division of GE Healthcare: there have been some inaccurate reports. The Company announced that it would move a total of 4 healthcare executives to China to lead the development of specific products for use in China. GE is the second largest exporter in the United States, and China is a growing market. Having a presence in growing markets is critical for GE and the United States as we look for ways to remain competitive and create jobs at home.

By: DeeDee

DeeDee — Wed, 24 Aug 2011 02:55:00 +0000

Verified – Thank you Mr. Obama, another good move! 
General Electric is planning to move its 115-year-old X-ray division from Waukesha, Wis., to Beijing. In addition to moving the headquarters, the company will invest $2 billion in China and train more than 65 engineers and create six research centers. This is the same GE that made $5.1 billion in the United States last year, but paid no taxes-the same company that employs more people overseas than it does in the United States.

So let me get this straight. President Obama appointed GE Chairman Jeff Immelt to head his commission on job creation (job czar). Immelt is supposed to help create jobs.
I guess the President forgot to tell him in which country he was supposed to be creating those jobs.

If this doesn’t show you the total lack of leadership of this President, I don’t know what does.

By: Abdul Rafiu Umar

Abdul Rafiu Umar — Mon, 10 Jan 2011 15:47:54 +0000

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By: Phil Best

Phil Best — Thu, 16 Jul 2009 22:10:54 +0000

I am writing this from Australia and want to emphasize the importance of this kind of "Can Do" report by Jeff for people overseas.
The 5 points that he raised are excellent and vital, and contains 3 Strategic Themes, 1. Clean Energy, 2. Affordable Health care and 3. Government catalyst for change.
Theme 2 is the big one.
Why? Because We can all start to become more healthy today! thereby reducing the huge Health Care cost burden.
Exercise and Diet Control are the KPIs and this will allow more funds to be allocated for the recovery.
Clean Energy & Clean Food go hand in hand.

By: S. Dan Zimmerman

S. Dan Zimmerman — Tue, 14 Jul 2009 22:58:01 +0000

It’s great to hear Jeff Immelt lead the country forward in recognizing the critical importance of American Manufacturing.
Does GE plan to consider establishing an American Manufacturing Center of Excellence?

By: Bill Gilwood

Bill Gilwood — Tue, 14 Jul 2009 01:42:08 +0000

Finally, after 30 years I hear an American CEO of a leading Fortune 500 company say that the US must manufacture and invest in technology, and that the argument that the US can just be a service/consumption economy is wrong. What’s interesting is the contrast between this message and GE’s (including Immelt’s) track record on offshoring. I hope he’s sincere.

One intersting point that Immelt made is that to be in other markets (he mentions China and France) you have to manufacture there. Does that suggest we should have a similar policy here? If other countries insist on protecting their manufacturing industry and we don’t then what’s the result for us? After all he did say that these other countries are at least as capable as we are.

By: Phyllis Kunz

Phyllis Kunz — Mon, 13 Jul 2009 20:53:35 +0000

I am not a business woman, though I was
employed at one time with General Electric
and it turned my life around. G.E. is
a great company. I like Jeff Immelt, always
have, and I totally agree about a new way
of thinking and that it is time again to
THINK BIG!!!

By: Cliff Teng

Cliff Teng — Mon, 13 Jul 2009 07:20:17 +0000

I am from China, however, undoubtedly, I love this nation like your America – your people, ambitions and the great things you have driven forward the human civilization over the past decades. I really wish America will keep a global leader in technology and manufacturing. It is true that more and more young people in China today like America, that is partly why GM sells well in China while it performs so bad in America, the parents take their children to MacDonald’s and KFC, many people are using P& G’s daily products etc.., compared with Japanese products, many people have a completely different attitude because of the unpleasant warfare between China and Japan from 1938- 1945. So, I think, as long as the American products keeps improving and eventually becomes a technology leader among all brands, they will have our buy here. be remembered – we have more than 1.3 billon people and we will be one of the world’s largest market in the future.

By: Randall

Randall — Sat, 04 Jul 2009 13:07:56 +0000

Nice dodge on the management bonus v. shareholder dividend, yeah, we will pay our bonuses, no we must conserve cash and limit the dividend pay-out…does anyone else think most of the S & P 500 are country clubs for their executives? I agree with the thesis about American producing again – but that will not save the American worker – GE will continue to out-source when it is more profitable to do so, meaning most of the time. So Immelt throws Michigan a bone and talks up American technology and manufacturing, yeah we have technology, its called the Ipod.