Stories
Stories
The Future of GE
Photo by Keith Bedford/The Boston Globe
Photo by Keith Bedford/The Boston Globe
General Electric, now 124 years old, is looking to the future, CEO Jeff Immelt (MBA 1982) recently told Vanity Fair.
When Immelt took the helm of GE in 2001, it was a diverse conglomerate. Now, Immelt said, “we’ve exited almost all of financial services. We’ve exited media. We’ve exited all the consumer businesses we were in. We’ve exited plastics and things like that. In the last 15 years, we’re one of the few leadership teams in history that’s sold $100 billion in businesses and bought $100 billion worth of businesses.”
This new GE is building an industrial “internet of things,” harnessing advances in data collection and analysis to, for example, improve jet engine performance and fuel efficiency.
“Everybody who joins G.E. is going to learn to code,” Immelt said. “We hire 4,000 to 5,000 college grads every year, and whether they join in finance or I.T. or marketing, they’re going to code.”
Post a Comment
Related Stories
-
- 15 Dec 2024
- HBS Magazine
Agenda: Amanda E/J Morrison (MBA 2014)
Re: Amanda Johnson (MBA 2014); By: Janelle Nanos -
- 15 Dec 2024
- HBS Magazine
On The Case
Re: Tomislav Mihaljevic (GMP 15); Linda A. Hill (Wallace Brett Donham Professor of Business Administration); By: Jen McFarland Flint -
- 03 Dec 2024
- HBS Alumni News
Magic Numbers
Re: Shalinee Sharma (MBA 2005); By: Amy Crawford -
- 30 Sep 2024
- Skydeck
The Making of a Streaming Sensation
Re: Jeff Norton (MBA 2003)
Stories Featuring Jeff Immelt
-
- 07 Sep 2021
- HBS Alumni Bulletin
Immelt in the Hot Seat: Episode 2
Re: Jeff Immelt (MBA 1982) -
- 07 Sep 2021
- HBS Alumni Bulletin
Immelt in the Hot Seat: Episode 1
Re: Jeff Immelt (MBA 1982) -
- 07 Sep 2021
- HBS Alumni Bulletin
In the Hot Seat
Re: Jeff Immelt (MBA 1982)
More Stories Featuring Jeff Immelt
