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.
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