Ryan Zauk sits down with world-renowned former GE CEO Jeff Immelt. Fresh off the release of his book, "Hot Seat: What I Learned Leading a Great American Company," Jeff comes on to discuss his career and legacy, as well as numerous topics ranging from China/US Relations to new fintech trends.
Jeff joined GE after graduating from Harvard Business School and worked there for the next 35 (with 16 as CEO). Following the iconic tenure of Jack Welch, Jeff had a rocky road as CEO, losing billions in market cap and weathering numerous crises. Jeff has received merciless criticism from academics, execs, pundits, and more over the last decade, and has finally decided to share his side of the story. Ryan & Jeff touch on it in today's episode, but we highly recommend picking up Hot Seat as your summer read:
Book Links:
https://www.simonandschuster.com/books/Hot-Seat/Jeff-Immelt/9781982114718
https://www.amazon.com/Hot-Seat-Learned-Leading-American/dp/1982114711
Episode Breakdown:
4:25 His journey to the top of GE
7:50 The one thing Jack Welch did better than anyone
10:04 Why now was the right time to publish "Hot Seat" and what he learned
13:57 His thoughts on his legacy
20:24 His first day of work...September 10, 2001
24:46 His thoughts on globalization
27:40 China / US Relations and his advice for President Biden
33:23 GE Capital 101 and Fintech Trends He's Watching
41:56 His new role as a Venture Partner at NEA
44:37 A great rapid-fire round covering his exec dream team, his thoughts on 30 Rock, best business books, and more!
50:01 Why he has a tattoo of the GE logo
Jeff Immelt is a Venture Partner at New Enterprise Associates (NEA), a global venture capital and private equity firm. He is the author of HOT SEAT, a memoir of leadership in times of crisis.
Prior to joining NEA in 2018, Jeff was the 9th Chairman of GE and served as CEO for 16 years. He has been named one of the “World’s Best CEOs” three times by Barron’s. During his tenure as CEO, GE was named “America’s Most Admired Company” by Fortune magazine and one of “The World’s Most Respected Companies” in polls by Barron’s and the Financial Times. He has received fifteen honorary degrees and numerous awards for business leadership and chaired the President’s Council on Jobs and Competitiveness under the Obama administration.
Jeff has a B.A. degree in applied mathematics from Dartmouth College and an M.B.A. from Harvard University. He is a member of The American Academy of Arts & Sciences.
--
For more FinTech insights, follow us below:
Medium:
medium.com/wharton-fintech
WFT Twitter:
twitter.com/whartonfintech
Ryan's Twitter:
twitter.com/RyanZauk
LinkedIn:
www.linkedin.com/company/wharton-fintech-club/