GE’s near-term financial outlook is solid and the company is positioned for solid earnings and cash flow growth in the future, GE chairman and CEO Jeff Immelt told some 200 securities analysts, investors and members of the media today at the company’s annual outlook meeting in New York. “GE is ending 2009 back on offense,” Jeff said. “The worst is behind us in financial services and GE Capital will be a meaningful contributor to the company. GE has defined the businesses that fully utilize the GE competitive advantage and this is where we will invest and grow. GE will generate significant available cash and be extremely thoughtful about creating long-term shareholder value as we deploy capital.”
Recapping GE’s annual outlook meeting
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Why is this Ditzo [Immelt] still employed? After a $50M fine from the SEC and he has a job?
GE WILL NEVER GAIN UNTIL MR. IMMELT IS OUT!
What are these Board of Directors thinking?
I started listening to this and realized early on it was the same old BS being sprewed by Immelt.
Actions speak louder than words.
No doubt – Immelt and the BOD’s are all crooks.
These prices are good for young folks who want to build up a ownership stake in the company.
it is time for immelt to go! his creditability is so low he is holding the company back. we need to clear the decks so ge can move forward. ge is all about performance, i know i worked ther over 30 years. jeff has never performed from day one. the board must act now, that is if they have the courage to do their job.
Immelt has difficulty separating fact from fiction. When he speaks optimistically of the future – beware. Last year he told GE investors the dividend was safe and it dropped by 68%. What is he up to this time?
Immelt and all those other FAT CATS at the top have played with GE holdings as only they can … to get more stock and to get the most from their stock options. I’m not very happy with the price of our stock. GE is the last of the original Blue Chips and its performance has been terrible since this guy took over. EMMILT needs to go!
PS,
“without his FAT CAT bonus”
You have to love Immelt saying: “Rewards became perverted. The richest people made the most mistakes with the least accountability.” Jeff Immelt, GE CEO, December 9, 2009
And then make > $72 million over 5 years and $100 million over 8.
He is right, but I don’t think he realized he was talking about HIMSELF.
Over the last 15 years I have watched GE shares drop from $60 to $15. The company has lost its way, We need the Welsh style of management back with clear messages and credibility, and to also being back the performance culture, anyone with a poor performance review is out.
This is a crisis situation which needs crisis leadership.
After working for years with GE. We can no longer invest into there Stocks through there own 401k.
Must now purchase Common stock through Brokers outside
the company. The stock found has no true history of
performance. Where did you think the 2009 bonus came from for the top brass.
To Chris: I read the same and agree with you 100%percent. What a BIG BLOW for GE after the nice statement…Mr. Immelt should have added in his statement “The richest/EDUCATED people made the most mistakes with the least accountability”….Why does Immelt & Sherin have a job after GE paid $50M in penalty fees to the SEC! It’s ALWAYS Corporate GE is NOT fair! No more INTEGRITY, COMPLIANCE & CONTROLLERSHIP is out the window…especially at GE Capital…what a bunch of BS!!!