GE 2008 Annual Report Download - page 3
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PICTURED LEFT TO RIGHT (*seated)
Jeffrey R. Immelt, Chairman of the Board & Chief
Executive Officer
Michael A. Neal,
* Vice Chairman, GE and Chairman
& Chief Executive Officer, GE Capital
Keith S. Sherin, Vice Chairman, GE and Chief
Financial Officer
John G. Rice,
* Vice Chairman, GE and President
& Chief Executive Officer, Technology Infrastructure
John Krenicki Jr., Vice Chairman, GE and President
& Chief Executive Officer, Energy Infrastructure
Dear Fellow Owners,
2008 was a tough year, and we expect 2009
to be even tougher.
The liquidity challenge I reported in last year’s
letter has become a global financial meltdown.
In 2008, we worked hard to keep the Company
safe and to anticipate how the financial
crisis would impact our businesses. In the past,
I believed that our diversified portfolio would
protect us in all kinds of economic cycles. But
we never anticipated a global financial system
failure and its continuing economic fallout.