Former General Electric CEO Jeff Immelt Reflects on His Career, Jack Welch, and the New CEO

Bloomberg Television
Bloomberg Television
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Published 2021-02-22
Feb.22 -- Jeff Immelt will be remembered as the CEO who wrecked an American icon: General Electric. When he took charge in 2001, GE was the world's most valuable company. When he was pushed out 16 years later, it was in a perilous slide. Immelt, who's releasing a new book, “Hot Seat,” tells his side of the story in this interview with Erik Schatzker.
All Comments (18)
  • @edc1967
    Who else is reading Lights Out?
  • @TheJwang7
    Really missing the glory old days of GE....been with the company for more than 15 years, I missed the company and still love it.
  • @davidng2699
    John Flannery should also write a book on his experience at GE because he did try to right the ship but it had already taken in too much water.
  • @genel6830
    Lights Out - read it and you’ll get a better sense of Immelt
  • @LesliemSeely
    I worked at GE 1965-2000, I look back and see how the company declined, it was unbelievable. I was a welder in a service shop, ended up needing to be on the road a lot just to have a job. We had great people in the field, and shops but the leaders cared about themselves to much, the worker was always the fall guy. It was a great job , I enjoyed some travel, all the places I seen and people I met, the big shots took their big money, retirements and benifits and we the workers try to get by. GE got so they did not care about us the workers. WElch sold off to many parts of the company, Immelt was not qualified to run this company.
  • @Astrotase
    He was incompetent! Plain and simple
  • @lindafarnham9993
    Immelt came from a middle class family. He did not grow up with a silver spoon in his mouth! He WORKED his way up!
  • @indraneilpaul1309
    Tells you a lot about how the higher classes close ranks to prevent upward and downward mobility in the nation. The executives only ever manage to fail upwards, earning millions and securing swanky business school gigs and securing enviable positions in the startup space (what business does this guy have advising startups is beyond me) even after having disastrous careers. This recent tour whitewash his image using a convenient book, and how the business channels are facilitating it just shows how close this network at the top is.
  • @sao9995
    That failure (Immelt) leaves behind a rich man is indicative of a failed system. This guy is a pontificating failure; who would value his crystal ball?
  • @Chertoff88
    When Coca-Cola stopped making Cherry coke. Immelt bought all the rest and bought a warehouse at the companies expense to house all the Cherry coke because it was his favorite drink. I know. Im the guy who had to handle the P.O.
  • @sao9995
    He has no answers. He's an excuse maker. He's trying to be a good loser, and you know what Vince Lombardi told us. . . "Show me a good loser, and I'll show you a loser."
  • @user-ms4qq4ff8p
    Old Jeffie took a 4 star blue chip company and drove it into the ground. At the end end of the day, all blame is his and he needs to own it and stop blaming others. He was the worst CEO of any company.