Word: immelt
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...would have been natural for Jeffrey Immelt to reflexively embrace the strategies of his predecessor, storied über-CEO Jack Welch, who built GE into one of the world's most profitable companies. But Immelt, 48, quickly went his own way, imposing new long-term strategies. When scandal erupted over Welch's perk-laden send-off, Immelt responded by taking a lead role in corporate reform. For starters, he put more independent directors on the board and got rid of stock options as part of his pay. "We know we are studied," he says. "We feel we have a responsibility...
...forceful bearing of an offensive lineman, has compared it to playing in the Super Bowl--"the last two minutes for two years." He lobbied Welch for the chance to run his own unit, then took GE's weakest business--making electricity-generation equipment--and quadrupled its sales. But Jeff Immelt, who was known for his polish and intellect and ran GE's cutting-edge medical-systems business, won the top job. The other contender, Jim McNerney at GE Aircraft Engines, entertained an offer from 3M before the race was even over. That's not Nardelli's style...
...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...