Word: immelt
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...Yogen Dalal; former McKinsey managing director Rajat Gupta; Vodafone CEO Arun Sarin and 35 of the top 600 executives at GE. Silicon Valley couldn't run without them, and India's booming tech economy has opened up another world of opportunity. "You've almost got too many choices," Immelt said in a speech to the group on Friday. Spend some time in the world of IIT, and engineering almost feels - well, glamorous...
...begged graduates of one of the world's top engineering schools to work for them. Google spent $200,000 to be the lead sponsor of the four-day-long reunion of 3,500 alumni. Microsoft's research center in Hyderabad came calling. The CEO of GE, Jeff Immelt, already employs 1,500 graduates and says he needs more. Stanford? MIT? Harvard? Nope. This was a gathering of graduates of the Indian Institutes of Technology...
Take General Electric. Its Ecomagination initiative centers on a line of 45 green products, including wind turbines and next-generation jet engines that go easy on the earth but land nicely on the balance sheet. Chairman and CEO Jeffrey Immelt set a goal of generating more than $20 billion in revenue from Ecomagination by 2010, and by 2006 the company had hit the $12 billion mark...
...Zucker] got his hands dirty and got involved in the details.” The ascent of Zucker has been rumored for many months and was confirmed by several sources within NBC Universal to several major US newspapers, according to stories in those papers. General Electric Chairman Jeffrey R. Immelt told the New York Times in a November interview that Wright was “getting close to retirement,” and then proclaimed himself a “Jeff Zucker fan.” Recently, NBC suffered a slump in ratings that temporarily put it in last place...
...alternative energy, business moved into the vacuum, lured primarily by potential profits. In 2005 Goldman Sachs pledged to invest $1 billion in renewable energy, while Cleantech Venture Network estimates that $10 billion in venture capital will be directed to green technology from 2005 to 2009. Under CEO Jeff Immelt's Ecomagination initiative, GE has committed to spending $1.5 billion a year on renewable energy and other green research by 2010. That's already translating to sales today; the company reported revenues of $10.1 billion from environmental products in 2005, up from $6.2 billion in 2004. "What GE is doing...