Word: immelt
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Since being elected as CEO of G.E., Immelt, who is the ninth chairman of the $400 billion company, has especially emphasized innovation. His main strategy has been to introduce a company-wide strategy called “Imaginative Breakthroughs,” which financially encourages research into new projects and products. Five billion dollars, to be spent over the next four years, will go toward such projects as fuel-efficient locomotives and portable ultrasounds...
Before his climb up the corporate ladder, Immelt enrolled at HBS in 1980, after a stint at Proctor & Gamble. In the intensely competitive atmosphere of HBS, Immelt seems to have held his ground...
...remember [Immelt],” says Shapiro, who taught the CEO when he was just a first-year. “[He was] very bright, very capable, very well rounded....He spoke well in class and stood out as an especially good listener...
Shapiro said that Immelt “thrived” in the “funny mixture of cooperation and competitiveness” at HBS. “I would argue that he was one of the informal leaders,” he says...
Growing up in Cincinnati, Ohio, Immelt certainly has the lineage to fit his current title—his father worked at G.E. Aircraft for 40 years...