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Jeffrey Immelt - General Electric
04-15-09

 

jeffrey immelt

 

Jeffrey Immelt (born February 19, 1956, Cincinnati, OH) is the current chairman of the board and chief executive officer of the U.S. based conglomerate General Electric.

He holds an A.B. 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 allieviate 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 an obvious direct effect on the company's Aircraft Engines sector.

As CEO of General Electric in 2007, Jeffrey R. Immelt earned a total compensation of $14,209,267, which included a base salary of $3,300,000, a cash bonus of $5,800,000, stocks granted of $4,713,000, and options granted of $0. In 2008, he earned a total compensation of $5,717,469, which included a base salary of $3,300,000, and stocks granted of $2,044,650.

Immelt was named to Time Magazine's Time 100 most influential people in the world in 2008.

In February, 2009, 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

Immelt has been criticized by Fox News Channel's Bill O'Reilly for business transactions between GE and Iran.

According to documents filed with the Federal Elections Commission, Immelt lives with his wife Andrea in New Canaan, Connecticut.


 

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