Chief Says G.E. Profit Will Grow 10% or More |
| New York Times - Dec 12, 2007 |
To hear Jeffrey R. Immelt, General Electric’s chief executive, tell it, his company is having a great 2007 and faces a very nice 2008.
Those were the main thrusts of a presentation that Mr. Immelt made to analysts Tuesday. For more than two hours, he laid out the company’s prospects for 2008 and answered the expected questions: No, he does not intend to sell GE Money. Yes, G.E.’s growth overseas more than makes up for slow-growth areas in the United States. No, G.E. is not suffering unduly from the subprime mortgage crisis or other financial problems that have hit many of its competitors.
“Time and again we’ve proved that our scale can help us grow,” Mr. Immelt said.
Read Full Article from New York Times
- Posted: 2007-12-12 09:33:59
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