Jeffrey Immelt Net Worth is$60 Million
Jeffrey Immelt Salary is$22 Million
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Profession: Chief Executive Officer
Date of Birth: Feb 19, 1956
Nicknames: Jeffrey Immelt
Country: United States of America
What is Jeffrey Immelt's net worth? Jeffrey Immelt's net worth is $60 million dollars and annual salary of $22 million. Born in Cincinnati, Ohio, Jeffrey Immelt graduated from Darthmouth College with an A.B. in Applied Mathematics and from Harvard University Business School. He became the CEO of General Electric in 2001, just days before the September 11th attacks. His leadership of GE has been widely criticized for cutting American jobs and paying little to no corporate income taxes. Immelt is on the board of the non-profit Robin Hood Foundation, an organization dedicated to addressing issues of poverty in New York City. In 2008, he was selected for inclusion in Time Magazine's list of the Most Influential People in the World. In 2009, he joined the President's Economic Recovery Advisory Board, and in 2011 he became Chairperson of the Council on Jobs and Competitiveness, a White House panel of external economic advisors tasked with boosting the job market in the United States.
Jeffrey Robert "Jeff" Immelt (born February 19, 1956) is an American business executive. He is currently the chairman of the board and chief executive officer of the U.S.-based conglomerate General Electric. He was selected by GE's Board of Directors in 2000 to replace Jack Welch following his retirement. Previously, Immelt had headed up GE's Medical Systems division (now known as GE Healthcare) as its President and CEO.
Immelt was born in Cincinnati, Ohio, the son of Donna Rosemary (n'ee Wallace), a school teacher, and Joseph Francis Immelt, who managed the General Electric Aircraft Engines Division. Immelt attended Finneytown High School; he played football in college and was an offensive tackle. He holds an B.A. in Applied Mathematics from Dartmouth College where he currently serves on the board of trustees and was president of his fraternity, Phi Delta Alpha, and an M.B.A. from Harvard Business School. He has been with GE since 1982 and is on the board of two non-profit organizations, one of which is the Robin Hood Foundation, a charitable organization which attempts to alleviate problems caused by poverty in New York City.
His tenure as chairman and CEO started off on a low note - he took over the role on September 7, 2001, just four days before the terrorist attacks on the United States, which killed two employees and cost GE's insurance business $600 million, as well as having a direct effect on the company's Aircraft Engines sector. Jeffrey Immelt has been CEO of General Electric for 10 years and with the company for 29 years, where he finds himself as number 145 on Forbes' CEO Compensation list. He has a total five year compensation of $53.82 million, ranking him 6th place among the Conglomerates. Immelt was named to Time magazine's 100 most influential people in the world in 2008. He was also named one of the five worst Non-Financial-Crisis-Related CEOs of 2008 by the Free Enterprise Action Fund. Since taking over, GE's stock has dropped nearly 60%.

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Jeffrey Immelt Latest News

House Republicans and Democrats Agree: Protect College Football

Hall of Fame Coach Barry Switzer, GE CEO Jeff Immelt, Big 12 Commissioner Bob Bowlsby and SEC Commissioner Greg Sankey at the Congressional College Football Caucus’ kickoff event in September. Photo: williams.house.gov Jeffrey Immelt is the CEO and ...
Posted: November 23, 2016, 12:00 am

Trump Taps Steve Schwarzman, Jamie Dimon And Mary Barra For Advice On Job Creation, Growth

During President Obama’s first term he created an Economic Recovery Advisory Board, which was followed in 2011 by the President’s Council On Jobs And Competitiveness, chaired by General Electric CEO Jeffrey Immelt. “Members of the Forum will be ...
Posted: December 2, 2016, 9:10 am

Could local CEOs hold sway in a Trump White House?

It’s the red, white, and blue team.” Another executive Massachusetts can lean on is new Bostonian Jeff Immelt, chairman and chief executive of General Electric. He got to know Trump back when GE owned NBC, and the real estate tycoon was the star of the ...
Posted: December 5, 2016, 8:45 am
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