Word: immelt
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Dates: during 2000-2009
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...startup Silver Spring Networks - the Miami smart-grid program will be by far the largest in the U.S. If it succeeds, FPL plans to invest another $500 million to roll out the service to all of its 4.5 million customers. "This is not a science-fair project," says Jeffrey Immelt, CEO of GE, which will be providing smart meters for the initiative. "This is commercial technology that shows the smart grid is real." (Read "How Vulnerable Is the Power Grid...
...energy storage and monitoring. To Washington, building the smart grid is about more than energy - it's about creating jobs, an investment that will stimulate the economy today and pay off later. "This [industry] is going to be the biggest investment for the first half of this century," says Immelt. "We have to create jobs, and this is going to do it. We can't afford...
...climate change is a problem whose consequences are serious, but always far off. Do you worry that we'll lose focus on global warming? Yes, but I do think there is focus on this. Rahm Emanuel has a great line: "A crisis is a terrible thing to waste." Jeff Immelt at General Electric has another great line, that this isn't a recession, but a reset. It's a reexamination of how we've been living. Maybe the McMansion era is crashing to an end. It doesn't mean that you can't have a big house, but the ethos...
...Sirius and XM - merged to avoid mutual failure, along with 42 mergers and acquisitions among consumer magazines. Stock for General Electric, which owns NBC Universal, lost more than half of its value in 2008, fueling rumors that GE might sell its NBC subsidiary, though the company's chairman, Jeffrey Immelt, has denied such claims...
...easy knocks against GE is that it board has not kept CEO Jeff Immelt on a shorter leash. He should have been forced out of many of the company's consumer and industrial businesses more quickly. That criticism seems reasonable. Immelt has also hung on to NBCU, the company's entertainment unit. While it does not belong with the rest of GE's businesses, it performance has not harmed the parent. At its worst, it can be viewed as an expensive way to get good seats at the Olympics. Looked at in a better light it bought in $3.1 billion...