I’m a big fan of the General Electric (GE) company. I admire the new innovative products that it’s pushing out to market. I respect its management and I agree with the company’s general direction under the leadership of Jeffrey Immelt. I read that NBC (GE is the parent company) is able to bid so much money for the rights to the Olympics games because once it secures the bid; it becomes a prominent and strong partner to the host city. GE is the able to secure high-rating programming and able to leverage its other business divisions to help the host city build the infrastructure, and thereby recoup the investment. GE can provide capital/financial solutions, infrastructure building products, healthcare and security components and a host of other products. For the Olympic Games, GE is really able to throw the advantages of being a diversified conglomerate.
This NY Times article nicely summarizes Jeffrey Immelt’s first five years on the job.
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