Summary of Jeff Immelt's Hot Seat

By IRB Media

Get the Summary of Jeff Immelt's Hot Seat in 20 minutes. Please note: This is a summary & not the original book. Original book introduction: In September 2001, Jeff Immelt replaced the most famous CEO in history, Jack Welch, at the helm of General Electric. Less than a week into his tenure, the 9/11 terrorist attacks shook the nation, and the company, to its core. GE was connected to nearly every part of the tragedy—GE-financed planes powered by GE-manufactured engines had just destroyed real estate that was insured by GE-issued policies. Facing an unprecedented situation, Immelt knew his response would set the tone for businesses everywhere that looked to GE—one of America’s biggest and most-heralded corporations—for direction. No pressure.

• Language: English
• Publisher: IRB Media
• Release date: Nov 27, 2021
• ISBN: 9781638158622

IRB Media

With IRB books, you can get the key takeaways and analysis of a book in 15 minutes. We read every chapter, identify the key takeaways and analyze them for your convenience.

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Insights on Jeff Immelt's Hot Seat

Contents

Insights from Chapter 1

Insights from Chapter 2

Insights from Chapter 3

Insights from Chapter 4

Insights from Chapter 5

Insights from Chapter 6

Insights from Chapter 7

Insights from Chapter 8

Insights from Chapter 9

Insights from Chapter 10

Insights from Chapter 11

Insights from Chapter 12

Insights from Chapter 1

#1

Every successor’s relationship with their predecessor is complicated. It’s like the relationship between a son and his mother-in-law: they love your wife, but in different ways.

#2

Jack was the CEO of GE from 2001 to 2010. He focused on financial services, which was the main source of growth for the company. But during slower growth periods, he relied too heavily on money lending, which could lead to failure.

#3

Jeff Immelt became the CEO of General Electric on September 10, 2001. He replaced a previous CEO, John Welch, who had led the company for twenty-nine years.

#4

Jack began his career at GE in the 1970s, working his way up the corporate ladder. He was admired by his colleagues for his competitive spirit and willingness to take risks.

#5

The phone was ringing off the hook on the first Monday after Jeff Immelt became CEO of GE. One key call was from GE Capital’s head Denis Nayden, who informed him that they had come to an agreement to acquire Xerox’s credit company.

#6

Despite having a very successful first day, Monday morning Ben was exhausted, as he had been up all night dealing with the aftermath of the previous night’s party.

#7

On September 11, 2001, two planes crashed into the World Trade Center towers in New York City, killing almost 3,000 people. NBC, which was owned by GE, decided to air ad-free for the time being.

#8

The terrorist attacks on September 11, 2001, caused a worldwide shockwave that affected every business.

#9

The author was the CEO of GE, and on September 14, 2001, he woke up to the stock market dropping 14%. He had to reassure the public that everything was going to be fine.

#10

In 2020, the airline industry was hit hard by the coronavirus, which caused massive delays and bankruptcies.

#11

The author absorbed fear and delivered the truth to his