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Carroll School of Management

ceo2016-03-24

Jeffrey R. Immelt

Chairman and CEO, General Electric

"A Conversation with General Electric Chairman and CEO Jeffrey Immelt"

General Electric Chairman and Chief Executive Officer Jeffrey Immelt H'10 sat down with John Harthorne, founder and chief executive officer of MassChallenge, to talk about GE’s move to Boston at the March 24 meeting of the Boston College Chief Executives Club. GE announced earlier in the day it had chosen a 2.5-acre site in the Fort Point Channel section of the Seaport District for its new corporate headquarters. "We plan to have about 200 people from corporate and about 800 people in labs around there," Immelt told a capacity crowd that included Massachusetts Governor Charlie Baker and Boston Mayor Marty Walsh. "And we think, by the time it’s all said and done, there should be, let’s say, 4,000 jobs around the ecosystem in Boston." Immelt, who said GE would bring both jobs and a "competitive spirit" to the city, said there is no reason Boston in the next 20 years can’t be the leading center of technology and change that Silicon Valley and Seattle have been for the last 20 years. "That’s our job—to do that together," Immelt said. R. Robert Popeo '61, chairman, Mintz Levin, introduced Immelt.

TAKEAWAYS

"The schools and the startup ecosystem in Boston [are] amazing…we want to be part of this ecosystem of universities and scholarship and in this sea of ideas." TRANSCRIPT AND VIDEO »

"We’re going to give back to the community…for any dollar that you think was invested in GE bing here…you will get back a thousandfold." TRANSCRIPT AND VIDEO »

"This move for GE is all about the next 40 years. What do we want the company to look like? How do we want the company to be challenged?...I want some 29-year-old Ph.D. student at MIT to punch me right in the nose and say all of GE’s technologies are wrong. You’re about to lose. Right? And then you can go back and spread the word. That’s the job." TRANSCRIPT AND VIDEO »

PRESS COVERAGE

Boston Business Journal Startups & Venture Capital "GE CEO Jeff Immelt on Boston's startup culture: 'It's astounding'" ARTICLE »

Boston Globe Business "GE CEO explains why he’s moving headquarters to Boston" ARTICLE »

CBS Boston "General Electric Announces Location For Boston Headquarters" ARTICLE »

Hartford Courant "General Electric CEO Lauds Boston As New Site" ARTICLE »

Reuters "GE's Immelt hopes move to Boston fuels staff 'paranoia'" ARTICLE »

​Washington Times "General Electric announces site of new Boston headquarters"
ARTICLE »

​WBUR News "Local Leaders Welcome General Electric CEO Jeffrey Immelt To Boston" ARTICLE »

WCVB Channel 5 (ABC) "GE picks location for new Boston headquarters" ARTICLE »

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