Jeff Immelt
18 statements across 1 episodes · 6 bullish · 4 bearish · 1 people on the record · first statement Jul 27, 2021 by Jeff Immelt · across every show →
On the record as a speaker too: Jeff Immelt's record, appearances and statements → this page counts the times other people say the name.
Everything said about Jeff Immelt, oldest first
Jul 27, 2021 neutral
Immelt consulted Jack Welch on tough decisions despite public clashes
“Every time we had a very tough decision to make, I would always call him. Even after we'd had bad relations and bad words, when I had something really difficult that I wanted to think my way through, I would pick up the phone and call him and pick his brain.”
Jul 27, 2021 bearish
Jul 27, 2021 neutral
Immelt: Top New York Fortune 500 CEOs held quarterly dinners on governance
“So there were five CEOs in the New York City area. It was me and Ken Chenault from American Express, Sam Palmisano, and then Jenny Romney from IBM, Steve Reimann, and then Indra Newey from Pepsi, and Bill Weldon, and then Alex Gorski from J&J. And we had dinne…”
Jul 27, 2021
Immelt: CEOs who dismiss investors inevitably face activists and play defense
“Every time you say that, look, I don't care what the investors think, and then you don't own the company and an activist investor shows up, you end up backpedaling on all the things you said, like, I don't care what investors think. And you end up spending, yo…”
Jul 27, 2021 negative
Jul 27, 2021
Immelt redrew a struggling Canadian factory's org chart during a site visit
“I went chain to a factory in Peterborough in Canada one time where we made large motors, traction motors, and they were doing terribly. And I was traveling through Canada and I said, let's stop at Peterborough because they really are struggling. And I sat in a…”
Jul 27, 2021 negative
Jul 27, 2021
Immelt: Indecision is a worse failure mode than making wrong decisions
“I think in a crisis, maybe the time we live in today, maybe it's always been true, but I actually think it's a bigger mode of failure when people don't know, won't make a decision than when they make decisions and some of them are wrong. I weigh those two unev…”
Jul 27, 2021
Jul 27, 2021 positive
Immelt: Jack Welch was great for his era, but GE's environment changed
“Following a very successful leader, but tripping into a completely different time. So it wasn't that he was bad or good. He was great in the time that he lived in. But the time that I was leading the company was so dramatically different. It was more global. I…”
Jul 27, 2021 positive
Immelt: GE recruited Warren Buffett in 2008 for credibility, not cash
“I called Warren because he had done a similar deal with Goldman Sachs. Not so much that we needed his money, but we needed his seal of approval. And we added him to the raise and we were able to go out on Wednesday of that week and raise I think it was sixteen…”
Jul 27, 2021 positive
Immelt: Jack Welch managed large institutions better than anyone else
“What Jack did as a masterclass was how to lead at scale. He created an aura. He had a voice for 300,000 people. He had a voice for 500 people. He had a voice for 20 people. He had a voice for one person. He could change octaves in how he spoke. He knew how to …”
Jul 27, 2021 neutral
Immelt: GE's classic management toolkit was best suited for private equity
“You know, if you look at the basic GE toolkit that I grew up with, it was almost the perfect match for private equity where
You took a company, you had five years to turn it around. You didn't have to make big bets on products and technology. And so I think to…”
Jul 27, 2021 positive
Immelt: GE struggled to survive 2008 without Paulson, Geithner, and Bernanke
“You know, everybody likes to dump on government, but, you know, Hank Paulson, Tim Geithner, Ben Bernanke, they did a great job. You know, I'd say without that kind of sure-handed leadership we would have had a real challenge to kind of making it through.”
Jul 27, 2021 negative
Jul 27, 2021 neutral
Jul 27, 2021 positive
Jul 27, 2021 positive
Immelt: Amazon is complex but not complicated; Walmart is simple not simplistic
“There's a difference between being complex and being complicated. And there's a difference between being simple and simplistic. You know, I would say Amazon is complex, but it's not complicated. It's a software company, right? They have certain things they sta…”