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Ge Boss Jeffrey Immelt Replaces Paul Volcker

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Obama is out picking the best people again to give him financial advice.

Didn't GE just go T*ts up????

The President's Council on Jobs and Competitiveness will replace the Economic Recovery Advisory Board that had been led by former Federal Reserve chairman Paul Volcker

BBC

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Obama is out picking the best people again to give him financial advice.

Didn't GE just go T*ts up????

The President's Council on Jobs and Competitiveness will replace the Economic Recovery Advisory Board that had been led by former Federal Reserve chairman Paul Volcker

BBC

GE didn't go t*ts up, but they got into dodgy finance in a big way, and I understand that he is seen as one of the worst heads of GE in recent years. GE used to be seen as consistently one of the best managed companies in the world, but I think that Immelt put a big dent in that reputation.

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GE didn't go t*ts up, but they got into dodgy finance in a big way, and I understand that he is seen as one of the worst heads of GE in recent years. GE used to be seen as consistently one of the best managed companies in the world, but I think that Immelt put a big dent in that reputation.

He's certainly no Jack Welch.

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Today:

BOSTON (Reuters) - General Electric Co reported better-than-expected earnings, helped by the recovery of its finance arm and a rise in revenue at its industrial units, including a sharp pickup in sales of locomotives.

The world's biggest maker of electric turbines and jet engines also reported a 12 percent rise in orders, driving its backlog -- a key predictor of future sales -- to $175 billion (109 billion pounds).

The largest U.S. conglomerate said on Friday fourth-quarter net income came to $4.5 billion, or 42 cents per share, up from $3 billion, or 28 cents per share, a year earlier.

Profit from continuing operations came to 36 cents per share, above the 32 cents analysts had expected, according to Thomson Reuters I/B/E/S.

Revenue rose 1 percent to $41.38 billion, above the $39.9 billion analysts had expected.

http://uk.finance.yahoo.com/news/GE-profit-tops-Wall-Street-reuters_molt-4250425683.html?x=0

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Wow, the Obama government is like a who's who's of big banking and business interests, now thats change I can believe in.

Davlie Cameron has a FTSE goverment as well. He had better not make the same mistake as Gordon Brown though, putting a policy through without asking permission first.

David Cameron has unveiled his panel of leading industry bosses who he says will help to shape the Government's economic policy.

Mr Cameron chairs a meeting of business leaders in Downing Street

The Prime Minister said the 19-person Business Advisory Group would meet every three months to "argue and debate".

He said the group, which follows a similar body which sought to advice Gordon Brown, offers a "real interchange with us about the priorities for growth, the priorities for the economy".

Sky's City editor Mark Kleinman exclusively revealed the Government's plans earlier this month.

On Thursday he reported Indian businessman Ratan Tata and the boss of Sony, Sir Howard Stringer, were the latest names to join the group.

Mr Tata is the head of Tata Group, India's largest conglomerate which owns Jaguar, Land Rover and Tetley Tea.

Sir Howard is the chairman and CEO of Sony, overseeing the entire businesses of Sony, including its media and electronics subsidiaries.

Mr Cameron told a meeting of business leaders at Downing Street: "I want to be absolutely clear - this is very much a pro-business, pro-enterprise, pro-competition Government.

"We want to work with you to deliver the agenda that will bring growth."

The 19 company chiefs include Paul Walsh of Diageo and Sir Martin Sorrell from WPP.

They will be joined by Justin King of Sainsbury's, Sam Laidlaw of Centrica, Sir Michael Rake of BT and Easyjet and Dick Olver of BAE Systems.

Kleinman told Jeff Randall Live: "The aim of the group is to add a touch of business credibility to the Prime Minister himself to show he's listening to the concerns of big business.

"But one of the potential pitfalls that befell Gordon Brown who had a similar group, was that many of the members of his council were incandescent when the Prime Minister introduced a rise in the top rate of income tax without consulting that group.

"That's something that will be of genuine interest to watch as this group gets its deliberations and advice under way, particularly on issues such as corporation tax."

http://news.sky.com/skynews/Home/Bu

siness/David-Cameron-Unveils-Business-Advisory-Group-With-Ratan-Tata-Sir-Howard-Stringer-Justin-King/Article/201010115749514

Edited by Redhat Sly

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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