Jeff Immelt: Among the World’s Most Powerful

The chief executive of multi-national General Electric, Jeff Immelt, is turning out as one of the world’s most powerful individual. It is an often overlooked fact that businesses can greatly influence public policy and decision making.

For GE that prides of AAA rating, it is one of only six U.S. companies that hold the distinction. Such credential can be converted into a huge advantage against any of its competitors for it to gain more profits. With GE’s wide breadth of products – ranging from locomotives, health equipment, turbines, etc. – not that many competitors can hold out a face to face confrontation.

Immelt also once headed the Business Council, the group of top executives that has a big say in the formulation of government policy, and on the board of the New York Federal Reserve Bank.

In 2008, Immelt was heralded in Time magazine's list of the 100 most influential people in the world. Immelt has surely made an impact in people’s lives through his achievements with GE.

GE’s CEO Becomes a Domestic Job Creator

With the lingering unemployment problem in the United States, President Barrack has chosen an unlikely businessman to help him in mapping out a solution. The Chief Executive Officer of General Electric, Jeffrey Immelt, was hired by President Obama as the new jobs czar to come up with measures to boost American companies into hiring again. But what can the Obama administration get from an executive who practice global outsourcing of jobs when it comes to the challenge of solving domestic unemployment in America?

Despite his company’s aggressive drive to outsource jobs around the globe, GE is actually among the largest contributors in terms of domestic job creation in the United States. GE CEO Immelt is pushing the Obama administration into generously investing in job creation. Immelt says that while politicians both from the sides of the Republicans and Democrats are busy pronouncing solutions to the economic downturn, not much time is spent in discussions regarding job creation.

At least 300,000 new jobs for Americans need to be created each month for the US to regain its footing just before the recession.  Bent on solving the employment vacuum, Immelt and his company are actually constructing infrastructures for their manufacturing plants in the US. Immelt is also bringing back employment for thousands of workers who lost work opportunities due to companies which have gone global in their operations.

Now, the powerful businessman is challenging investors to pour in their billions of dollars in the US. He says that while companies enjoy the perks of tax breaks and tax holidays, these savings from taxes must not lay idle. Instead, the money should be converted into actual businesses and factories that will trickle down as wages to workers.

From being a businessman to a globalist job creator, Immelt is surely one of the few who have made an impact in both the private and public business sector.