Word: immelt
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Dates: during 2000-2009
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...this all sounds a bit cold, remember: money has no emotions, and presumably you would still like to retire one day. Building terrorism protection into your portfolio isn't unpatriotic. Ask Jeffrey Immelt, CEO of General Electric, who in March inked a deal to take over InVision Technologies, a bomb-detection company. GE paid dearly: $50 a share, or 33 times expected earnings and double the price of a year ago. You think Immelt isn't buying protection for GE? The greater the threat, the better the business for InVision...
...ready by 6 for conference calls with GE Medical sites in France, Israel and Japan. Trained as an engineer, Mellor has spent nearly all of her career in manufacturing operations. "I like to see how things are made," she says simply. For GE, her skills are critical. CEO Jeff Immelt came to his position from GE Medical and has singled out the division--with $9.2 billion in sales this year--as a key source of growth. On-time, on-spec, on-budget delivery of its products will be essential in hitting that target, and it's what Mellor does best...
...tapped to run a 1,000-employee aircraft-engine parts plant in Wilmington, N.C. At 40, she led the integration into GE of Greenwich Aviation Services, a $1.6 billion company that the larger firm had just acquired. Two years ago, Immelt and his successor at GE Medical, Joe Hogan, persuaded Mellor to move her family to the division's suburban Milwaukee, Wis., headquarters...
...amount of money it sets aside and let that flow to the bottom line. But if the higher returns never materialize, there will be an earnings hit later on. GE denies that it manages its earnings. "I don't want to be painted with that brush," CEO Jeffrey Immelt told analysts last week...
...JEFFREY IMMELT Can GENERAL ELECTRIC, the world's most profitable industrial company, continue its stunning record of innovation and profit? That's up to Immelt, 45, handpicked successor to the most influential CEO ever, Jack Welch. Immelt made his name boosting the fortunes of GE's Medical Systems business, and barely three months into his new job, he is already casting a large shadow. Despite the sour global economy, a debilitating advertising slump at NBC and a serious downturn in his jet-engine business, Immelt paid $2 billion in October for Spanish-language TV network Telemundo...