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Carroll School of Management

Cycles of Business

Jeffrey R. Immelt

Chairman and CEO, General Electric

Excerpt from remarks to Boston College’s Chief Executives Club  

March 24, 2016

TAKEAWAY: Giving Back

IMMELT:
So in other words, look, at the end of the day, we all believe in transparency. There’s been a lot written about how GE went about its process. What I would say is that we’re going to give back to the community. Just take my word for this. We’re going to give back—for any dollar that you think was invested in GE being here, and there are a lot of places we could have gone other than here—you will get back a thousandfold. Take my word for it. Just trust me on that, OK? You will get back a thousandfold.