Still, as he considers whether to ditch the company’s headquarters in Fairfield, Connecticut over state tax laws, perhaps for a sunnier climate like Atlanta, Immelt remains steadfast. Maybe, after the next recession, GE will be a growth stock again, but that will be after Jeff Immelt retires, and his successor has begun his (or her) own reinvention of the firm.
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The GE stock is up 20% this year, but that still puts them 25% below where they were in September, 2001, when Immelt took over from the legend who made the company a financial and media powerhouse. He has written for every medium from newspapers and magazines to Web sites, from books to blogs. Neither Amigobulls, nor any members of its staff hold positions in any of the stocks discussed in this post.
The company is having trouble getting its quirky ads, featuring a young programmer trying to explain his new job with the company, heard and is moving toward ads on “live” programming, sponsoring segments in late night.
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A self-directed retirement investor now, he was formerly with ZDNet, CMP, and is currently with SeekingAlpha.
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