GE 2009 Annual Report Download - page 11

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We will add nearly 1,200 jobs in Michigan over the next decade
to accelerate our capacity in manufacturing. And, we committed to
add almost 1,000 jobs in Louisville, Ky., to make the next generation
of smart appliances. Similarly, we created valuable manufacturing
jobs in Mississippi, South Carolina, Ohio and other regions across
the country. We have decided to double our on-campus hiring
in the 2010 recruitment cycle versus the previous year.
We are doing this despite the fact that more than half of our
revenue is generated outside the United States. Why? Because a
confident America is important for globalization to continue; and
globalization is important for economic growth; and economic
growth is important for GE to succeed. In the future, companies
must “earn the right” to globalize. It can’t be taken for granted.
I know GE can make a difference to the American economy
and innovation; we can also make a difference by the example
that we set. We want to be a company that is always getting
better. A company that understands where it fits in markets and in
society — and appreciates its responsibility to both. A company that
makes better the great nation that made possible its success.
I am proud to work at GE, and I love our team. We are beginning
a renewal that should be financially attractive to investors, while
positioning GE to lead and our shareowners to prosper as new
systems and values for the global economy are created. We
are grateful for your support, and we will prove ourselves worthy
of your trust.
Jeffrey R. Immelt
Chairman of the Board
and Chief Executive Officer
February 19, 2010
Even in an environment of renewal,
GE businesses are positioned
for growth. With a simple, powerful
portfolio and an attractive
financial profile, GE will seize the
opportunities presented by the
world’s toughest challenges. We
will do so by combining broad
technical leadership, an expansion
of services, investments in emerging
markets and valuable relation-
ships. Only an organization with
such a unique identity — at once,
a problem solver, builder, educator
and learner — can achieve such
a task.
ge 2009 annual report 9