Jeffrey Immelt GE CEO and Jobs Czar
On Sunday night Lesley Stahl interviewed Jeffrey Immelt, the CEO of GE on 6o Minutes. It was a wide ranging interview that touched on jobs creation, corporate taxes, and the increasingly international stance of many U.S. corporations.
Toward the end of the interview Mr. Immelt perhaps somewhat plaintively said, “I want you to root for me. You know, everybody in Germany roots for Siemens. Everybody in Japan roots for Toshiba. Everybody in China roots for China South Rail. I want you to say, “Win, G.E.”
And it was fair for a reasoned viewer to ask why. Recently, there have been comparative statistics circulating on the web. It seems the ratio of CEO pay to the average worker in Japan is 11:1. In Germany it is 12:1 In the United States it is 475:1.
A viewer could be forgiven for asking if that was a reason the companies in Japan and Germany are considered more cheer worthy.
Tags: 60 Minutes, corporate executives, GE, Jeffrey Immelt, job creation, leadership, Lesley Stahl, management
