During the US Presidential election of 2012, GE came under attack for not paying US federal taxes while receiving substantial federal tax benefits. You can't do things that are going to impair your judgment. [50], On June 30, 2020, Immelt was announced as an advisor to Built Robotics. Immelt was first announced as a board member and the Chairman of Tuya Smart's Strategic Advisory Committee in September 2019. [53] He has also served Dartmouth on its Alumni Council and as a class officer. [19] In 2015, GE announced it would sell its real estate holdings for $26.5billion and most of GE Capital's assets. The entrance to 705 West Road in New Canaan, Conn., the home of General Electric CEO Jeff Immelt. [56][57], Immelt has returned to his hometown High School, Finneytown, to contribute to the Finneytown Schools Education Foundation. We know that Sarah is married at this point. Immelt had a total five year compensation of $53.82million through 2011, an income which ranked sixth among executives employed by US-based conglomerates. Go to bed at night and don't worry about the things you can't control. Since then, he has held various positions at the company, such as a district sales manager for GE Plastics, vice-president of consumer services in GE Appliances, vice- president and general manager of GE Plastics and president and CEO of GE Medical Systems. Jeff spent vast amounts of cash on stock buybacks at costs that would ultimately prove to be very expensive. Some components of his total compensation package over the years have been newsworthy. . Public records show about 23 people have taken residence at 17150 Los Robles Way Los Gatos CA 95030. I think people need to be achievement-oriented and need to have a vision for themselves and what they want to get done that is both meaningful to them and others. Modern Bedroom, San Diego. Jeffrey Robert Immelt (born February 19, 1956) is an American business executive currently working as a venture partner at New Enterprise Associates. "I know that there will be more criticism coming with the book as we relive it," Immelt says. Climate Action Partnership event in 2007. [5] He earned an A.B. [55], The GE Foundation has been praised for its charitable contributions under Immelt's leadership. The couple were married in 1986 and their daughter, Sarah, was born a year later. Charlie Rea. This is a carousel. Immelt has led GE through two reporting challenges since then: it has been required to restate its SEC filings; and, in 2009 GE agreed to pay the SEC $50million to settle allegations of accounting fraud. Jeff Immelt is retired General Electric Chairman of the board and the Chief Executive Officer. Join Facebook to connect with Andrea Immelt and others you may know. Discover today's celebrity birthdays and explore famous people who share your birthday. [35] Immelt had a total five year compensation of $53.82million through 2011, an income which ranked sixth among executives employed by US-based conglomerates. Born Jeffrey Robert Immelt on February 19, 1956 in Cincinnati, Ohio, he earned his B.A. As of May 2017, the house was under contract to be sold, with the Immelts having listed the . Jeff Immelt. View Details. Some components of his total compensation package over the years have been newsworthy. [citation needed] After becoming CEO, Immelt offered an expanded set of financial reports in addition to GE's traditional format. Gary was the G.E. "Hot Seat: What I Learned Leading a Great American Company," available Tuesday, details his mistakes running GE. He stepped down as CEO of the U.S.-based conglomerate General Electric (GE) on August 1, 2017 and retired from his position as chairman of the board of GE on October 2, 2017. Jeff Immelt has earned significant honors throughout his career, beginning with his graduation from Dartmouth cum laude and earning the Earl Hamilton Varsity Award, as a college football player, for friendship and character. GE's major financial business, then known as GE Capital, was operated largely through the General Electric Credit Corporation subsidiary. Events + JUDY DIMON Cocktail Party for WES GORDON. Professional Career. Sources state that Immelt has amassed a net worth of over $60 million, as of mid-2016, earned largely through his involvement in the General Electric company. Immelt had previously referred to China as GE's "second home market". Later in 2002, he received the Robert Fletcher Award from Dartmouth's Thayer School of Engineering. GE announced in March that its new home will be built on 2.5 acres on Necco Way in Bostons Seaport District. When CEO Jack Welch (left) handed the reins to Jeff Immelt (right), GE was a . On February 7, 2018, Immelt became the chairman of the board at athenahealth. He started working there on September 10, The GE plastics business was sold in 2007 for $11.6billion to Saudi Arabian interests. I have a unique perspective on appreciating good days having been through some bad ones. Immelt married his wife Andrea in the year 1986. Immelt was awarded the 2014 American Football Coaches Association Tuss McLaughry Award, given to a distinguished American (or Americans) for the highest distinction in service to others. The Wall Street Journal reported Wednesday that former General Electric CEO Jeff Immelt had an empty business jet follow his corporate plane. Under Welch, GE's market value soared from $14 billion to more than $410 billion. since the year 1882, following his graduation from Harvard with a Masters degree in Business Administration. General Electric Co. CEO Jeff Immelt and his wife Andrea have closed on the purchase of their Back Bay triplex for $7.5 million, close to a half million dollars less than the $7.995 million asking . What I try to tell entrepreneurs or MBA students [who I work with] is that without a few bad days, you never appreciate the good days. Andrea Immelt. Built in 2000, the Immelt house has six bedrooms and nine baths, totaling nearly 11,500 square feet of space. [citation needed] In 2016, GE moved its headquarters from Connecticut to Massachusetts, citing Connecticut's tax increases. Upon his Harward graduation, following his father footsteps, he began working for General Electric as an internal marketing consultant. Still, the loss of those 200-plus employees will affect the real estate market, though experts said the impact was likely to be short-lived, with the regions accessibility to New York remaining a major selling point. Immelt listed for sale his house at 705 West Ave. in New Canaan for $5.5 million, as Fairfield-based GE readies to move its headquarters to Boston this summer. 'Bo was a legend', The Best Window Replacement Companies in CT, Guide to Legal Cannabis Dispensaries in CT. Immelt served as chairman of The Business Council, a nonpartisan organization, in 2005 and 2006. There is a chance that the phone number (203) 822-1257 is shared by Sarah A Immelt , Jeffrey R King . "[73], In April 2015, Immelt won the 20th edition of the Leonardo International Prize "as a foreigner who reinforced his country's cultural and economic ties with Italy. 2 comments. Immelt was handpicked in 2001 to take over the company by legendary CEO Jack Welch, but in August 2017, Immelt was replaced by John Flannery, who was removed as CEO on Monday and replaced with H . He underscored the riskiness of an acquisition-based growth strategy in 2011 when he said, "You can't do a lot of deals, and have them all be great." During the financial crisis, when I wasn't at work, I went home and went to bed. So, how much is Jeff Immelt worth at the age of 66 years old? You also have to take care of yourself. By Tom Acitelli @tomacitelli May 6, 2016, 11:00am EDT. in 1997. Your email address will not be published. [33] In 2008, he earned a total compensation of $5,717,469. IMDbPro Starmeter. [51], Immelt serves on the board of two non-profit organizations. Jeffrey R. Immelt is the ninth chairman of General Electric, "a post he has held since September 7, 2001. As CEO of General Electric in 2007, Immelt earned a total compensation of $14,209,267. Everyone likes you when you're on top, but you need a few people that really like you when you're on the bottom, because almost everybody ends up there sometime. Immelt was named a member of the board of the Federal Reserve Bank of New York in 2006. During his tenure as GEs CEO, the companys GE Foundation became the leading foundation in corporate charitable activities. Geographically his strategy has focused on two areas: China and Europe. GE's SEC Form 10K for 2014 states that worldwide employment is 305,000, and US employment is 136,000. Andrea Allen Immelt (age 66) is listed at 705 West Road New Canaan, Ct 06840 and has no political party affiliation. (adsbygoogle = window.adsbygoogle || []).push({}); You have entered an incorrect email address! GE is reported to have paid no federal US taxes in 2010. Learn How rich is He in this year and how He spends money? During his peak days with the G.E., he received an annual salary of $20 million. Andrea Immelt: Children: 1 daughter: Immelt at U.S. 2. as an internal marketing consultant; then, he was promoted to district sales . [25] GE restated its earnings in 2005[26] and agreed to pay the SEC $50million to settle allegations of accounting fraud in 2009. Video of fatal police shooting of CT man will not be released yet, Cannabis activists want more CT criminal cases dropped, expunged, CT DOT faces criticism following overnight tree-cutting, Haar: Payouts at fading CT trash agency offer lessons in a crisis. The experiment seemed to confirm that the traditional format, which was shorter, was preferable and it continues to be used at GE today. He addressed the undergraduate class of 2011 of the University of Maryland, Baltimore County on May 23, 2011, and received an honorary Doctor of Public Service degree despite controversy at the school over GE's corporate tax strategies. I took what I thought I could do and had to go out and win the respect of new companies and new friends. There are two ways to think about Jeff Immelt's 16-year run as chief executive of General Electric. He recently began a public campaign to press the state of Connecticut for local tax benefits and threatened to move some of GE's operations out of the state if the benefits were not forthcoming. I convinced my wife to move to California. He was selected as GE's CEO by their board of directors in 2000 to replace Jack Welch upon Welch's retirement from GE. @barronsonline. After the United States fiscal crisis of 20082009, Immelt reduced GE's dividends to conserve capital and internal funding, causing a negative reaction among some dividend-oriented investors. Yoon Sanha (Astro) Age, Height, Family, Net Worth, Who is Crystal Bernard? In December, GE agreed to pay $200 million to the Securities and Exchange Commission formisleading investors and disclosure failures in its power and insurance businesses from 2015 to 2017. He is from United States. Andrea Immelt is listed as an Officer with Ruby78, LLC in California. Climate Action Partnership event in 2007 Jeffrey Robert Immelt (born February 19, 1956) is an American business executive currently working as a venture partner at New Enterprise Associates. Jeff Immelt has received various awards throughout his career. In the interim, he was initially a top candidate to become CEO of Uber, replacing founder Travis Kalanick. On 24 December 2015, Immelt was listed by UK-based company Richtopia at number 50 in the list of 500 Most Influential CEO's. 1. Sarah Immelt's birthday is 02/05/1987 and is 35 years old.Sarah Immelt lives in Allston, MA; previous cities include Boston MA and Cambridge MA.Sarah A Immelt are some of the alias or nicknames that Sarah has used. Later, though, the company said it had been planning a move for three years. Use Next and Previous buttons to navigate. The US economy faced a number of shocks after Immelt became CEO: the 9/11 terrorist attacks on the USA and the 2008-09 financial crisis. The cell phone number associated with Sarah is (203) 822-1257. mark peterson | Corbis Historical | Getty Images, Jeff Immelt: I still believe in GE for the long term, How this 39-year-old earns $26,000 a year in California. LED GE DIVISIONS In 1989 Immelt was named vice president of GE Appliances. Perfection is impossible today. Jeff Immelt went to Finneytown High School and used to play football in college, playing as an offensive tackle. I never lost sight of the fact that that's what I really like most about my job. By the time 2007 and 2008 [and the financial crisis] came around, that didn't look very smart. @JeffImmelt. [24], During Immelt's tenure as CEO, shares of GE dropped 30%, while the S&P 500 rose by 134%. His involvement in GE has made him a recognized and respected figure in the industry, and has enabled him to establish an substantial net worth. [27], GE receiving aid from the Federal Reserve while not paying federal income taxes became a political issue in the 2016 presidential campaign,[28][29] although GE did pay taxes in other jurisdictions. Financial Services, Inc head and of than $41 billion empires, and the most profitable division of G.E. Andrea A Immelt, age 66. Charles Gasparino. He was initially Kalanick's favorite for the post, in part because he was still open to Kalanick still having a significant role. Even Kalanick realized that Immelt was not cut out for the job. Jeff Immelts income source is mostly from being a successful . He was also the CEO of the Medical Systems division of General Electric from 1997-2000. When President Obama chose to put Jeffrey Immelt at the head of the Economic Advisory Board, he felt that Immelt had attributions in knowing what would help the global economy. Before joining Hearst Connecticut, Alex started a growth economy website called Enterprise CT chronicling Connecticut startups. Immelt and his wife, Andrea, may have finally dug their way out of New Canaan. Jeffrey Robert Immelt (born February 19, 1956) is an American business executive currently working as a venture partner at New Enterprise Associates. But "I really love the company. Her parents, Jeffrey and Andrea were quick to . 1956. 3 records for Andrea Immelt. In February 2009, in the early days of the Obama administration, Immelt was appointed as a member to the President's Economic Recovery Advisory Board to provide the president and his administration with advice and counsel in fixing America's economic downturn. The fact that I maintained close friendships and maintained an amazing wife and daughter, that's what helped me get through. General Electric year end employment has varied from 273,000 in 2010 to 305,000 in 2014, a net increase of 37,000. He covers the state economy and other business news as well as penning a monthly column on personal finance for Connecticut Magazine. By New Canaan standards, the property is only upper-tier, just missing the top 50 . He obtained his MBA from Harvard Business School, graduating in 1982. He has retired from his Chairman of the board position since October 2, 2017. The new headquarters will include a combination of two historic buildings, which will be renovated, and an adjoining parking lot, where GE will construct a new building. I was happy when I was running the medical business [GE Medical Systemsfrom 1996 to 2000]. However, he has successfully dealt with all the challenges, withstanding the financial crashes he faced during the crises and eventually establishing GE as one of the most successful companies in the USA he certainly justified his net worth during these periods. Andrea Immelt found in Boston, Lenox and Pittsfield. [39], On June 12, 2017, GE announced that Immelt would retire as CEO and would be replaced by John L. She is currently living and working in NYC for a popular NBC TV show. 705 West Road in New Canaan, Conn., the home of General Electric CEO Jeff Immelt. Facebook. Employment had dropped from 315,000 in 2002 to 307,000 in 2013. GE went public with its plans to look for a new corporate home following tax increases passed in the 2015 Connecticut legislative session. They lived in New Canaan, Connecticut until 2015. Also in February, 2018, two weeks after the athenahealth announcement, Immelt joined the board of directors of Radiology Partners. He was commencement speaker at the Worcester Polytechnic Institute on May 17, 2008 and received an honorary degree. before attending Connecticut College. The Immelt Family Scholarship. Just do your best. [12], Immelt participated actively in mergers and acquisitions,[13][14] purchasing Amersham PLC for $9.5billion in 2004[15] and Alstom's power business for approximately 12.4 billion in 2015. The couple initially lived in New Canaan, Connecticut, until 2015, following their purchasing of a home in Boston. In accepting the award, he said "I am a product of football and I owe a great debt of gratitude to that system. Immelt's compensation has fluctuated significantly. [77] They then purchased a home in Boston.[78]. [41], Immelt was initially a top candidate to become CEO of Uber, replacing founder Travis Kalanick. Past residents include Andrea Immelt, Christopher Renno, Mariah Hallacy, Thomas Burniece and Annabel Thomson. He was elected a Charter Trustee of his alma mater, Dartmouth, in 2008 and as of 2015 continues in that role. Aside from being GEs Chairman and CEO, Immelt has also served as a member of the Board of the Federal Reserve Bank of New York as well as a member to the President Obamas Economic Recovery Advisory Board. [75], In 2017, Immelt was honored with an Edison Achievement Award for his commitment to innovation throughout his career. He arrived at the division just as it began a recall of millions of refrigerators due to . The two became close, continuing their relationship even after Andrea moved to Chicago. Immelt says the company has won 70% of China's gas turbine orders over the . 100 most influential people in the world (2009, American Football Coaches Association Tuss McLaughry Award (2014), Dartmouth's Thayer School of Engineering), NR 50 in the list of 500 Most Influential CEO's (2015, University of Connecticut Graduate School). The council met a total of four times, with its final meeting on January 17, 2012. The company is a California Domestic Limited-Liability Company, which was filed on March 23, 2020. Jeff Immelt is a family man and is married to, Andrea and both parents have sired a daughter named Sarah. Immelt attended Finneytown High School; he played football in college and was an offensive tackle. [71], Immelt was awarded the 2014 American Football Coaches Association Tuss McLaughry Award, given to a distinguished American (or Americans) for the highest distinction in service to others. Personal Life. 4-BR spread on Commonwealth Avenue was asking nearly $8M. It's been rewarding. View the profiles of people named Andrea Immelt. Even as Jeff Immelt dug into a pile of dirt Monday in downtown Boston during a commemorative groundbreaking for General Electrics new headquarters, he had more than one real estate deal to celebrate. People whose last name is IMMELT. Click the link above for a video of Interior Designer, Rebecca Robeson designing a fabulous bedroom/Dorm room makeover for her college age daughter Sharrah. In 2012 it was ranked as worlds fourth-largest company on the Forbes Global 2000. Jeff Immelt is successful career personnel, and it is through hard work and dedication towards his career that has seen him climb in ranks to where he is currently. Guest List of White House State Dinner. Boston. Jeff Immelt's net worth Ex-GE boss Jeff Immelt bares his singed soul in 'Hot Seat'. Alex.Soule@scni.com; 203-354-1047; www.twitter.com/casoulman, GEs Immelt has buyer for New Canaan home, Investment manager AllianceBernstein opens first offices in CT, CT saw a record-high in housing permits issued in January, Connecticut Magazine's 25 Most Romantic Restaurants in CT. Every year, Connecticut Magazine asks readers and experts for the state's best dining spots. He is a member of famous with the age 66 years old group. An 85-year Harvard study found the No. He has worked at several divisions of the company including appliances, healthcare, and plastics. The entrance to 705 West Road in New Canaan, Conn., the home of General Electric CEO Jeff Immelt. [citation needed], General Electric year end employment has varied from 273,000 in 2010 to 305,000 in 2014, a net increase of 37,000. In 2010, Immelt's compensation nearly tripled to $15.2million. View popular celebrities life details, birth signs and real ages. Put yourself in my shoes, where the people who you loved, a company you loved, it just didn't end the way they wanted it to end. However, Immelt's presentation before the board was an unmitigated disaster. On June 6, 2018, Immelt was named executive chairman of athenahealth. Video of fatal police shooting of CT man will not be released yet, Cannabis activists want more CT criminal cases dropped, expunged, CT DOT faces criticism following overnight tree-cutting, Haar: Payouts at fading CT trash agency offer lessons in a crisis. [48][49] Immelt attended the Consumer Electronics Show in 2020 on behalf of Tuya Smart. But I didn't stop, I didn't give up. [42]:313,318 However, Immelt's presentation before the board was poorly received; one director called it "a bad joke," and even Kalanick soured on him. Previously, Immelt had headed up GE's Medical Systems division (now known as GE Healthcare) as its president and CEO. Many ancient pipes in CT aren't up to the task of draining storm water, yet officials just seem to shrug. And more importantly, should tuition go toward supporting bars around the XL Center? On 24 December 2015, Immelt was listed by UK-based company Richtopia at number 50 in the list of 500 Most Influential CEO's. Immelt is married to his wife Andrea and they have one daughter, Sarah. Renting a two bedroom apartment in the zip code 02116 may cost you $3,050 per month, PD&R says. The choice I made at that moment was to let GE Capital continue to grow while we were fixing the industrial set of businesses. Sarah Immelt is known for Saturday Night Live (1975) and Saturday Night Live: Best of This Season (2014). in his new book "Hot Seat". This page displays a list of people whose family names is IMMELT. In 2014 his compensation totalled $18.8million, a decrease from his 2013 compensation of $25.8million. Use Next and Previous buttons to navigate. Andrea is sixty-six years old. On February 26, 2002, shortly after becoming GE's chairman and CEO, Immelt gave a Town Hall speech at Georgia Institute of Technology as a guest of their president. Immelt is married to his wife Andrea and they have one daughter, Sarah. Built in 2000 and bought by the Immelts the following year when he was promoted to CEO of GE, the New Canaan house totals six bedrooms, six fireplaces and 11 bathrooms in 11,500 square feet of space on a 4-acre lot, with the driveway gated off from West Road. Immelt was named to Time magazine's 100 most influential people in the world in 2009. Being born on February 19, 1956, Jeff Immelt is 67 years old as of todays date [current date]. Aid received from the Federal Reserve by GE became a political issue in the 2016 presidential campaign. Very early on after 9/11, I should have taken a much more long-term and holistic look at [GE], and done it from a standpoint of caution. He held a couple of progressively more senior positions in G.E.s plastics, healthcare business, and appliances. Immelt is married to his wife Andrea and they have one daughter, Sarah. And more importantly, should tuition go toward supporting bars around the XL Center? The Boston Business Journal reported the Immelts are buying a 3,600-square-foot condominium close to Boston Public Garden for $8 million. Immelt defended GE's reporting elections and the quality of its financial statements following heightened scrutiny after the Enron crisis. He is a business executive, best known as the chairman and CEO of the conglomerate General Electric. The New York Times reported that Obama's appointment of Immelt was "another strong signal that he intends to make the White House more business-friendly." On Friday, a report from the Albany Business Review said at least some Fairfield jobs would be moved to Schenectady, N.Y., to GE's Global Operations Center. He described business school as "one of the most intense times of your life.". Jeff also received TIME Award for 100 most influential people in the world. During Immelt's tenure, GE's stock fell about 30%, wiping out over $150 billion in market value, which many analysts, investors and even fellow CEOs blame on Immelt's missteps. Jeffrey Robert Immelt (born February 19, 1956) is an American business executive currently working as a venture partner at New Enterprise Associates. Join Facebook to connect with Andrea Immelt and others you may know. Immelt has been involved in philanthropy. He is a member of The American Academy of Arts & Sciences. The once-great company was drowning in debt, under fire from authorities and facing severe financial stress. In 2013, the authorization for the council was not renewed, causing the council to be permanently shut down. By November 2018, athenahealth entered into an agreement to be acquired by a private equity firm, in a cash-for-stock offer brokered by Immelt. Despite the G.E.s economic recession chaos, it is because of Jeff Immelt and his excellent leadership that G.E. [citation needed], Immelt is married to his wife Andrea and they have one daughter, Sarah. [42]:322324, On February 7, 2018, Immelt became the chairman of the board at athenahealth. Andrea Immelt. But instead of taking his more than $200 million in retirement pay and laying low, Immelt wrote a book. The competition for the CEO position that Immelt won began when Jack Welch asked Gary Wendt, the head of GE Financial Services, Inc, then a $41billion empire and GE's most profitable division, to resign, on the theory that he would overshadow Welch's other candidates. Her Wiki: Married, Husband Britney Spears' son Sean Federline Wiki: Siblings, Alexis Knief's Wiki Biography. But earlier this week GE announced that 500 to 600 employees, or most everyone who is not going to Boston, could be headed for the companys former GE Capital headquarters in Norwalk. The year after his . In 2004 GE bought UK based Amersham PLC for $9.5billion. The home of General Electric CEO Jeff Immelt and wife Andrea at 705 West Road in New Canaan. Jeff Immelt got his MBA from Harvard Business School, after his graduation in 1982. These employment levels have varied significantly under Immelt. GE's local taxes in Connecticut have increased 5 times since 2011, and the state had approved yet another revised tax policy in early 2015. Jeff is on non-profit, making Robin Hood Foundation organization board. Andrea is a resident at 705 West Rd, New Canaan, CT. Jeffrey R Immelt and Sarah A Immelt are also linked to this address. During his Dartmouth years, Jeff operated summers on a Ford assembly line in Cincinnati and worked for Procter and Gamble after graduation before proceeding to Harvard University for his MBA. View Details. See rank. He also holds an M.B.A. from Harvard University. If you do not know, we have prepared this article about details of Jeff Immelts short biography-wiki, career, professional life, personal life, todays net worth, age, height, weight, and more facts. In 2016, Immelt spoke at the commencement for Clemson University's College of Arts, Architecture, and Humanities as well as the College of Engineering and Science. Career, Awards & Nominations: Jeff Immelt has been working for General Electric since 1982 after earning his MBA from the Harvard Business School. Jeffrey Immelt, chairman and CEO, General Electric Co., and Andrea Immelt Rep. Bobby Jindal (R-La. ) During his tenure as GEs CEO, Immelt has received numerous awards and honors, such as being named the Worlds Best CEOs three times by Barrons, being named Man of the Year by the Financial Times, and being selected among the 100 most influential people in the world by Time magazine. Browse Locations. From growing up in poverty to battling the Covid pandemic: How Northwell Health's CEO found success, Robin Hood Foundation CEO Wes Moore: 'Have faith, not fear. Immelt officially stepped down in October, 2017. in Applied Mathematics and Economics cum laude from Dartmouth College graduating with the class of 1978; he was president of his fraternity, Phi Delta Alpha, and currently serves on the Dartmouth board of trustees. Jeff gets most of his income for being a CEO at General Electric and also working as Chairman of the board. Mon Jul 18 2005 20:27:18 ET. Charlie Rea likes: Other, Television, Music, Movies . And yet, I didn't want to quit. More at IMDbPro. In his personal life, Immalet has been married to Andrea, a GE customer-service representative, since 1986. They have one child together, and the family resides in Connecticut. ", "Jeff Immelt, Former CEO of GE, Joins Built Robotics as an Advisor", "Catalyst Welcomes Jeffrey Immelt and C. Steven McMillan To Extraordinary Board of Directors", "NFL's Goodell, GE's Immelt on Brain-Injury Study", "The Business Council, Official website, Background", "GE's Immelt Resigns From New York Fed Board of Directors", "Jeff Immelt- General Electric, Diversity and Leadership at GE", "Los Angeles Times article Who's Who on new economic advisory board", "Obama Taps Immelt to Head Panel in Bid to Boost Jobs", "Obama Jobs Council hits 1 year without official meeting", "Jeff Immelt 'destroyed' General Electric: Ken Langone", "GE won't claw back former CEO Jeff Immelt's pay after private jet scandal", "Oops! Real ages, was born a year later and received an annual salary of $ 25.8million, offered! Employment is 305,000, and the most profitable division of General Electric, & quot ; Hot:. Financial Services, Inc head and of than $ 41 billion empires, and appliances $ 14 billion more... Business, then known as GE 's Medical Systems division ( now known as 's! 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