The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 6 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Immelt: GE suffered in 2008 from aggregate size, not toxic assets
“Think about the financial crisis, what did we get wrong? We were too big in aggregate size. It wasn't that we were, we had a lot of toxic assets. It wasn't that we're redlining risk and things like that. We were too big.”
Immelt: Next-generation leaders must maintain manufacturing jobs where they sell
“If I sell in the US, I better have a certain amount of jobs in the US. If I sell in Germany, same thing. If I sell in China, same thing. And my generation didn't have to think that way, but the next generation is going to have to think that way.”
Immelt: GE's biggest shareholder sold half their stake after 9/11
“After nine, 11, our biggest shareholders sold half their stake when the markets opened after nine, 11. And the reason they told me is they didn't realize how big we were in the insurance business.”
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…”
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…”