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Jeffrey Immelt is head of GE and of President Barack Obama's business innovation task force. (Reuters/Molly Riley)
The chief of General Electric on Thursday defended the conglomerate’s zero tax rate in 2010 and called for reform of the U.S. tax code.
In his first public speaking engagement since a barrage of criticism about not having to pay taxes in 2010, GE Chief Executive Jeff Immelt told the Economic Club in Washington that his company did nothing wrong. Get the full story »
General Electric Co. paid Jeffrey Immelt a $4 million cash bonus in 2010, after two years when the chief executive of the largest U.S. conglomerate declined a payout in the face of sliding profits. Get the full story »
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 increase in orders, driving its backlog — a key predictor of future sales — to $175 billion. Get the full story »
General Electric Co.’s Jeffrey Immelt said Wednesday he wants the United States and China to open their borders for truly free trade between the world’s top two economies, rather than hiding behind protectionist walls.
But the chief executive of the largest U.S. conglomerate acknowledged in an interview with Reuters Insider that he treads carefully in going into business with Chinese companies. Get the full story »
