9/11 couldn’t (Im)melt him!
Holding the reins of a 129-year old extraordinarily diversified conglomerate, the only name
that has remained on the Fortune 500 elite list (since its inception in 1955) with a gargantuan m-cap of a blinding $418.6 billion on the NYSE & a grand $160.9 billion in annual revenues during 2006 pouring in from eleven business verticals (ranging from aviation & infrastructure to finance, healthcare & energy), is by no means a task free of hitches… Don’t believe us? Well, ask Jeffrey (Jeff ) Immelt, the CEO of General Electric & he’d thumpingly reiterate that!
Sworn in just four days prior to the September 11, 2001 terrorist attacks, Jeff passed his most fragile days in the company under the shadow of huge setbacks to its aviation & insurance businesses. Infact, GE’s insurance business alone suffered a substantial $660 million in losses due to the attacks. Then followed the Enron scandal, which again cast huge allegations on the company. Those were the thorny heydays for the man who had previously led GE’s $7 billion Medical Systems unit as its CEO! But surely, there must have been some reason why a seasoned CEO like Jack Welch handpicked him from amongst the crowd. Surely, it was not because both started their careers in GE’s Plastics unit. Surely not!
that has remained on the Fortune 500 elite list (since its inception in 1955) with a gargantuan m-cap of a blinding $418.6 billion on the NYSE & a grand $160.9 billion in annual revenues during 2006 pouring in from eleven business verticals (ranging from aviation & infrastructure to finance, healthcare & energy), is by no means a task free of hitches… Don’t believe us? Well, ask Jeffrey (Jeff ) Immelt, the CEO of General Electric & he’d thumpingly reiterate that!Sworn in just four days prior to the September 11, 2001 terrorist attacks, Jeff passed his most fragile days in the company under the shadow of huge setbacks to its aviation & insurance businesses. Infact, GE’s insurance business alone suffered a substantial $660 million in losses due to the attacks. Then followed the Enron scandal, which again cast huge allegations on the company. Those were the thorny heydays for the man who had previously led GE’s $7 billion Medical Systems unit as its CEO! But surely, there must have been some reason why a seasoned CEO like Jack Welch handpicked him from amongst the crowd. Surely, it was not because both started their careers in GE’s Plastics unit. Surely not!
For Complete IIPM Article, Click here
Source: IIPM Editorial, 2008
An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative
Source: IIPM Editorial, 2008
An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative
IIPM, Business College Ranking India BBA Institute India, IIPM IIPM - Nikhil Khade Online Welcome to 4Ps Business and Marketing The IIPM Think Tank IIPM New Delhi India Professor Arindam Chaudhuri, Renowned Management Guru & Economist IIPM Info Planning and Entrepreneurship Programme, IIPM New Delhi, India Business And Economy IIPM Placements New Delhi, India IIPM Business Management Institute India
Labels: ARINDAM CHAUDHURI, BUSINESS AND ECONOMY, IIPM, MANAGEMENT GURU PROFESSOR ARINDAM CHAUDHURI, THE INDIAN INSTITUTE OF PLANNING AND MANAGEMENT, TOP MBA INSTITUTE IN INDIA
<< Home