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GE (GE -1%) CEO Jeff Immelt says the conglomerate plans to return $18B to shareholders this year...

GE (GE -1%) CEO Jeff Immelt says the conglomerate plans to return $18B to shareholders this year through dividends and buybacks," and allocate $100B to payouts over the next few years. In a letter to shareholders, Immelt also warns of "major political storms" that are likely to hurt capital investment, such as the debt-limit controversy and tax reforms.
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Comments (24)
  • minwyhe
    , contributor
    Comments (103) | Send Message
     
    Jeff Immelt is a jerk and should be replaced. He has the largest reserve of offshore money of any corporation in the US to avoid paying taxes. Instead of helping the US economy, he is pursuing actions to limit it. Time for all corporations to pay their fair share in taxes like me a middle class taxpayer who get no breaks for having access to loop holes.
    11 Mar 2013, 10:41 AM Reply Like
  • JLesinski
    , contributor
    Comments (136) | Send Message
     
    "fair share" is the biggest misnomer ever coined for political purposes. Companies and the wealthy pay more than their fair share of taxes for this government, and that's coming from a net negative equity college student paying for his own private education. Open your eyes and get off your soap box
    11 Mar 2013, 12:14 PM Reply Like
  • minwyhe
    , contributor
    Comments (103) | Send Message
     
    I have shares in GE.
    11 Mar 2013, 10:41 AM Reply Like
  • cantwellw
    , contributor
    Comment (1) | Send Message
     
    Sure you do and I'm going to run for president...........
    14 Mar 2013, 06:01 PM Reply Like
  • minwyhe
    , contributor
    Comments (103) | Send Message
     
    yea I do, you are an imbecile..
    15 Mar 2013, 12:40 PM Reply Like
  • JOHNTBAKERJR
    , contributor
    Comments (59) | Send Message
     
    Yea...Immelt is right....if GE actually has to pay taxes, it would certainly crimp their style just a tad. Talk about "takers" vs. "makers"....GE is a real taker! Of course now that they are putting a former SEC person on their board, they'll have all the inside scoop on how to remain tax liability free. This is the scum of the earth capitalistic corporation....take take take. Too bad...they could be such an admired entity, but for their unending greed.
    11 Mar 2013, 10:56 AM Reply Like
  • pfifla1
    , contributor
    Comments (509) | Send Message
     
    GE is a GLOBAL company, they have plants all over the world. I sell machinery to GE and they also have a TON of plants in the USA. Certain things (commodity items) have to be produced abroad to stay competitive. Most if not ALL the high quality production is being done in the US - oil/gas, aerospace, most electronics, hell even most of their appliances are made here. So what if they build circuit breakers and electrical panels in China? Half of them probably stay there to begin with...

     

    I am pretty sure I stand on my own when I say I don't particularly dislike Immelt and think he has done an OK job of getting GE back on track. I love the divestiture of NBC.

     

    I do disagree with the way they handle their cash, but the US gov't lets these companies get away with it. All the majors are culprits, XOM, APPL, MSFT, CSCO and so on.
    11 Mar 2013, 11:09 AM Reply Like
  • IgnisFatuus
    , contributor
    Comments (2132) | Send Message
     
    I agree with the above posters concerning Immelt. I held off investing in GE specifically because of him. A few weeks ago following the announced sale of the NBCUniversal unit I initiated a small position. Have to wait and see how that turns out as it violates one of my basic investing rules of management trust.
    11 Mar 2013, 10:59 AM Reply Like
  • pfifla1
    , contributor
    Comments (509) | Send Message
     
    while you are at it Immelt how about bumping that dividend up to 1$ / SH???
    11 Mar 2013, 11:10 AM Reply Like
  • ARG1
    , contributor
    Comments (924) | Send Message
     
    GE is doing just fine for shareholders. I am a shareholder and GE is one of my core positions. GE is held by many institutional investors that perhaps have more insight than my fellow board participants here. Ge is like a fund that holds a variety of diversified companies which I like and the dividend is good.
    11 Mar 2013, 11:11 AM Reply Like
  • minecanary
    , contributor
    Comments (488) | Send Message
     
    Immelt/GE is not doing fine for long term stockholders. Under Welch, the stock doubled and split every 2-3 years. Immelt took over w/the stock over $60 and ready to split again. Since then it's dove to the single digits, flirted w/bankruptcy, lost it's triple A rating, and been involved w/every low-life facet of big business. Most of the business segments he has moved into are designed to suckle at gov't subsidies - solar, water, etc. Today's action is just another step on the path for the company w/more lobbyists then anyone else, the most aircraft on call for company insiders, the biggest old boy network, etc.
    11 Mar 2013, 11:35 AM Reply Like
  • ARG1
    , contributor
    Comments (924) | Send Message
     
    How simply we ignore Welch's moves into financials that was not good for shareholders. Further, his big pension payouts and perks set a bad example for the corporate community.
    16 Mar 2013, 06:17 PM Reply Like
  • sami12159
    , contributor
    Comments (29) | Send Message
     
    I will believe it when I see it the only ones that will benefit are the large stock holders the small owners will not notice any changes.
    11 Mar 2013, 11:49 AM Reply Like
  • sami12159
    , contributor
    Comments (29) | Send Message
     
    I will become a believer when I see it. Large stock holders will benefit the small stock holders will never feel it. Buy back of stock gives Jeffery more stock to give away to board members and high level executives more of the good boys club.
    11 Mar 2013, 11:50 AM Reply Like
  • yonnyk
    , contributor
    Comment (1) | Send Message
     
    I agree with you arg1. Also, as for offshore gains staying there good for GE. When the us gov. Wakes up and stops double dipping then GE should bring the money home. and this also goes for the double taxation of dividends.
    11 Mar 2013, 11:54 AM Reply Like
  • pfifla1
    , contributor
    Comments (509) | Send Message
     
    Agreed!!! As a small business owner I am consistently reminded of the problems with our government. Every time you turn around there are new regulations, taxes, fees, and by the time it is all said and done its hard to tell if we are even making anything for ourselves!!! I can only imagine the type of bull a company ge's size has to put up with on a daily basis from this country. Every agency, division, sector of this government has their hand out at every turn, sometimes it makes you feel like you are paying taxes ON TAXES! Wish I had the tax advantages being global affords.

     

    I personally would much rather see GE bring down their leverage then share buy backs. GE is by far the most leveraged company I own.
    11 Mar 2013, 03:24 PM Reply Like
  • erjcerjc
    , contributor
    Comments (36) | Send Message
     
    It's about time Immelt took a hike. It's the best thing he could do for the company.
    11 Mar 2013, 01:21 PM Reply Like
  • mc10010
    , contributor
    Comments (170) | Send Message
     
    I understand and agree with many of the arguments posted.

     

    What should not be lost is GE employes thousands of people around the world. All paying taxes. Taxes we do not have to pay.
    11 Mar 2013, 03:23 PM Reply Like
  • grmpienva
    , contributor
    Comments (12) | Send Message
     
    and not to overlook the retirement fund. Billions that is held to improve the company bottom line. The increases in retirement benefits wouldn't cover the increase in dog food...
    11 Mar 2013, 03:53 PM Reply Like
  • ForeSight
    , contributor
    Comments (22) | Send Message
     
    If you cant cover the cost of Dog Food, dont get a dog. All these haters, and no-one recognised the importance of Electricity. Thats right, without GE, no internet, no Cell phone, no electric heat, no magnetic trains, no digital watch, think of all the things made possible by the harnessing/storage/tra... of electric energy and the development of the lightbulb. When the lights go out, everytime i thank GE for the other 364 days of the year, when they are on. God bless GE and Southern Company, Yehaa! Agree with most of you, accept the bashers, GE is like owning a Mutual Fund. Be curious how it has correlated to the SP500 if you smoothed out the VOL. GL, and stop hating!
    11 Mar 2013, 04:09 PM Reply Like
  • ForeSight
    , contributor
    Comments (22) | Send Message
     
    Afterthought, I do recognize that someone else would have developed these things, but we wouldnt be where we are today without them.
    11 Mar 2013, 04:11 PM Reply Like
  • wrl605868
    , contributor
    Comments (16) | Send Message
     
    I have said this before. I was associated with GE for over 60 years.
    29 years as an employee with the Air Conditioning Div. and later with the Missile & Space Div. followed by 31 years as a retiree. In all my time with he company I feel Immelt is the poorest CEO GE has had.
    He should leave and enjoy the nest-egg the Company bestowed on him.
    11 Mar 2013, 08:54 PM Reply Like
  • erjcerjc
    , contributor
    Comments (36) | Send Message
     
    I spent over 15 years with the Company,enjoying most all of the time.Was part of the contributory pension plan all that time. after retirement Welch made an adjustment in all retirees pensions.
    After Immelt came to power I learned that he arranged for several enhancements to retiree's pensions, with one glaring problem: he restricted it to only those with 25 or more years of service!!Thus disenfranchising those of us ,who contributed to the plan, but had less service. This results in an unfair distribution of pension funds to which we all contributed. Immelt has refused to do the right thing and correct this inequity.l
    12 Mar 2013, 01:36 AM Reply Like
  • erjcerjc
    , contributor
    Comments (36) | Send Message
     
    Past achiecvements were grand. Keep looking backwards and you will miss what's coming down the road. Stop looking at the light at the back of the tunnel.
    12 Mar 2013, 01:38 AM Reply Like
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