«
»

Extensive Interview with GE’s Immelt

Email this post Print this post
By Barry Ritholtz - February 5th, 2009, 9:00PM

2/5/2009

Part I: Important to Not Cut Dividends

GE’s Jeffrey Immelt talks with WSJ’s Alan Murray about why it is so important not to cut dividends even when earnings have been cut.

>

Part II: Greenhouse Gas Policies

About cap-and-trade on carbon emissions and how the U.S. already has a greenhouse gas policy — but nobody knows about it.

>

Part III: Beyond ‘Doom and Gloom’

How he’s looking beyond the “doom and gloom” of the present financial crises and sees that commerce is still active in the global economy.

>

Part IV: Keeping a Triple-A Rating

Why GE will continue to run the company like a Triple-A company despite what the ratings agencies have said.

>

Part V: New Era in Capitalism

The creation of jobs in the U.S. and the nature of capitalism after the economy rebounds.

PERMALINK
Category: Corporate Management, Video.

Comments

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

4 Responses to “Extensive Interview with GE’s Immelt”

  1. mark mchugh Says:
    February 5th, 2009 at 10:58 pm

    Jeffy says they’ve got $60B in cash (yahoo finance only knows about $12.3B), which is plenty to keep the dividend.

    Hmmmm$97B in current assets, $273B in current liabilities,

    Let’s see….. 97 – 273 = $60B in cash (?) ….um oh, but they had $173B in revenue last year…..

    So maybe it’s 270-273 = $60B, anyway, the important thing is lots of cash….somewhere.

  2. ben22 Says:
    February 6th, 2009 at 4:04 pm

    Mark,

    agreed that 60 billion number was pulled directly out of his ass, he should shove it back up there because it’s wrong. None of the company figures I can access indicate they have anywhere near that amount in cash. This is probably why at the beginning he would not admit that a lot of the div is being paid from cash flow.

    I found him to be a little smug here, notice how almost all answers to questions start with

    look, ….

  3. mark mchugh Says:
    February 6th, 2009 at 5:07 pm

    Thanks Ben,

    What really makes me nervous is imagining all the ways GE’s debt could be used, abused and accounted for in the various “cash for trash” programs. Thanks to the opacity of the Fed (Jeffy’s one of the directors) I really don’t know what’s going on there. But what I’m imagining really isn’t good…..

  4. super_trooper Says:
    February 7th, 2009 at 2:37 am

    Sounds more like an interview with Mr BS. the teenager. It must have hurt when he pulls BS from his rectum. You messed up with your earning prediction. You didn’t know where the market was, you didn’t see it coming. You’re unable to explain why it is so important not to cut dividends even when earnings have been cut.
    How many time can you “look”? And the heavy misuse use of “again” makes me think you’re and addict, again. Well done. You deserve a fat bonus.
    Disclosure, I do not own any stocks in GE. I have bought some products.

54 queries. 0.322 seconds.