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GE chief sees growth opportunities in 2008
USA TODAY, December, 2007 by David Lieberman
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PITTSBURGH -- Many executives would find it hard to be cheery as they enter a new year marked by a wobbly economy, uncertain political trends and new technologies that pose profound challenges to old business models.
Yet General Electric CEO Jeffrey Immelt seems buoyant.
He says GE revenue will grow as much as 15% next year. And he bases his confidence, at least in part, on some of his initiatives since he replaced his legendary predecessor, Jack Welch, just days before the Sept. 11 terrorist attacks.
Immelt, 51, has pushed the company to expand in growth markets overseas. He also has made GE a leader in manufacturing a new generation of environmentally friendly technologies.
Many investors remain skeptical. The stock has underperformed the market during Immelt's tenure and is flat in 2007.
Investors seem to find it hard to make sense of a company poised to end this year generating ...
