It was his leadership that left GE exposed. The New York Times reported on a letter that Mr. Immelt wrote to GE’s lead director explaining the situation. Jeffrey Immelt is 64, he's been the Independent Director of Twilio since 2019. In 2000, he became the president of GE and chairman-elect. There are 5 executives at Twilio getting paid more, with Chee Chew having the highest compensation of $23,634,900. The Foundation established the Jeff Immelt Award for leadership in football.[66]. He announced a series of initiatives with NFL Commissioner Goodell including a GE investment of $40 million to develop diagnostic equipment for use in head trauma injuries, and GE's participation in a separate $20 million effort to develop safer helmets and other equipment. Aid received from the Federal Reserve by GE became a political issue in the 2016 presidential campaign. In some years he was granted stock options at $0, and in other years he was paid no bonus. However, the Wall Street Journal documented additional occurrences after this. Jeffrey Immelt Net Worth Next, the former CEO writes ‘I had every right to expect that it [corporate air] was professionally run.’ In other words, GE globally is in such desperate need for the CEO’s presence and attention that the expense of extensive corporate air travel is justified. GE's tax positions have become a major item in Immelt's agenda. He was named one of the “World’s Best CEOs” by Barron’s three times. The estimated Net Worth of Jeffrey R Immelt is at least $37.7 Million dollars as of 14 August 2020. Leaders seek to remove barriers to work and are curious about the work lives of the people who make the company run and without whom, they would not have a job. "[72] The council met a total of four times, with its final meeting on January 17, 2012. Flannery.

[10], Immelt earned his M.B.A. from Harvard Business School, graduating in 1982. And he supported the enormous growth in GE's real estate division. Jeffrey R. Immelt is Independent Director of the Company. Back then JPM was trading at $53, and now it is $93 - a gain of ~75%. [24] Welch had been the leader of GE's plastics business before being named its overall CEO. Worse by comparison, the market as a whole has more than doubled during that time.

I have followed GE closely for almost 35 years. [41] In 2009, Immelt earned a total compensation of $5,487,155. That simply defies the facts - and logic. After decades as a leader in appliances, that division was sold. The strategy is to exaggerate the expectation beyond what is reasonable provoking a ‘of course not’ response rather than responding to the rather modest expectation that the former CEO notice a second jet.