Jeffrey Immelt Archives - Shopfloor

Manufacturers Named to Council on Jobs and Competitiveness

By | Economy | No Comments

The White House has announced the names of the members of the President’s Council on Jobs and Competitiveness, which meets for the first time this afternoon.

The 23 members include nine current manufacturing executives or people who have led manufacturing operations so that’s good. President Obama earlier appointed Jeff Immelt, head of General Election, to chair the advisory group.

The full list of members is here.

The manufacturers:

  • Lewis “Lew” Hay, III is chairman and chief executive officer of NextEra Energy, Inc., one of the nation’s leading electricity-related services companies and the largest renewable energy generator in North America
  • Ellen Kullman is chair of the board and chief executive officer of DuPont. Prior to becoming chief executive officer in 2009, she served as executive vice president and a member of the company’s office of the chief executive.
  • A.G. Lafley is the former Chairman of the Board, President and Chief Executive Officer of Procter & Gamble. He currently serves as Special Partner at Clayton, Dubilier & Rice and as a Director of the General Electric Company
  • Darlene Miller is the owner and CEO of Permac Industries, a Minnesota machining company custom manufacturing precision parts for customers worldwide.
  • Paul S. Otellini is President and Chief Executive Officer of Intel Corporation. Mr. Otellini previously had served as Intel’s president and chief operating officer, positions he held since 2002, the same year he was elected to Intel’s board of directors.
  • Antonio Perez is Chairman and Chief Executive Officer of Kodak. Since joining the company in 2003, Mr. Perez has led the worldwide transformation of Kodak from a business based on film to one based primarily on digital technologies.
  • Brian L. Roberts is Chairman and CEO of Comcast Corporation and Chairman of the Board of Directors of NBCUniversal.
  • Matt Rose is Chairman, President and Chief Executive Officer of Burlington Northern Santa Fe Railway Corporation.

The one small-business representative on the panel is Darlene Miller of Permac Industries.

UPDATE (11:05 a.m.): The Washington Post reports, “The president will assemble a motley crew of business executives and others Thursday to solicit ideas on the economy at the White House.” Post must have meant “motley” as in the sense of diverse, not harlequin-like.

Was Watson Invited?

By | Economy, Trade | One Comment

From The San Francisco Chronicle, “Obama to dine with Bay Area high-tech titans“:

President Obama, making his eighth official visit to California, is coming to the Bay Area today for an intimate dinner with some of the Bay Area’s star high-tech executives – a session aimed at focusing on innovation, job creation and education….

Those leaders included Google’s Eric Schmidt, Intel’s Paul Otellini and Cisco Systems’ John Chambers. Facebook founder Mark Zuckerberg – whose company Obama has praised as an innovation leader – will be among the guests, Bloomberg News reported, citing a source with knowledge of the meeting.

Bloomberg also reports the planned attendance of Jeff Immelt, CEO of General Electric and the chairman of the President’s Council on Jobs and Competitiveness.

When President Obama spoke at the U.S. Chamber of Commerce on Feb. 7, he said the Council on Jobs and Competitiveness would hold its first meeting on Feb. 24, a week from today. We haven’t seen anything else about that meeting in the news, though.

Also, members of the Innovation Coalition, a national network of technology and entrepreneurial associations held a Washington fly-in Wednesday to promote policies that support innovation and R&D.

President’s Visit to GE Schenectady Highlights Energy, Manufacturing, India

By | Energy, Trade | No Comments

From the White House’s weekly schedule for President Obama, posted by Lynn Sweet of The Chicago Sun-Times:

[The] President will travel to Schenectady, New York to visit the birthplace of General Electric. The site is home to GE’s largest energy division, including steam turbines, generators, wind and solar, and the future home of GE’s advanced battery manufacturing facility. The President will tour the site with GE CEO Jeffrey Immelt and he will make remarks on the importance of growing the economy and making America more competitive by investing in jobs, innovation and clean energy. The GE plant in Schenectady is a direct beneficiary of GE’s power turbine deal with India announced during the President’s trip last November.

The President’s visit was rescheduled from last week after the shootings in Tuscon.

We’re glad to see the White House emphasize corporate involvement in India, the kind of global investment that creates wealth and jobs in the United States. From GE’s news release, Oct. 25, 2010, “GE Wins Largest Gas Turbine Combined-Cycle Order in India“:

SAMALKOT, India–25 October 2010– Reliance Power Ltd. of India has selected GE’s (NYSE: GE) flexible, efficient power generation technology for a 2,400-megawatt expansion of the Samalkot power plant in the state of Andhra Pradesh, India. This will represent the largest gas turbine combined-cycle project in India’s history and will help the country meet its continuing demand for reliable electricity to support its rapidly growing economy.

Under contracts totaling over $750 million, GE will supply six Frame 9FA gas turbines, three D-11 steam turbines, training and long-term services for the project. GE’s 9FA combined-cycle technology is proven in applications worldwide. In a combined-cycle configuration, exhaust gas from a gas turbine-generator is converted to steam, which is used to drive a steam turbine-generator, enabling the plant to produce additional power without an increase in fuel consumption. The new plant is expected to enter simple-cycle (gas turbines only) service in the first half of 2012 and combined-cycle (gas and steam turbines) in the second half of that year.

See also GE, “October Deal Tally in India Tops $1.4 Billion with Turbine Order.”

Commerce Secretary Locke on Friday announced a high-tech trade mission to India for February, with manufacturers a major presence.

Twenty-four U.S. businesses will join Commerce Secretary Gary Locke for a business development mission to India on February 6-11.  The businesses joining the trade mission are based in 13 states across the country and more than half of them are small- and medium-sized companies.

The delegation, which also includes senior officials from the Export-Import Bank (EX-IM) and the Trade Development Agency (TDA), will make stops in New Delhi, Mumbai and Bangalore, where Locke will highlight export opportunities for U.S. businesses in the advanced industrial sectors, of civil-nuclear trade, defense and security, civil aviation, and information and communication technologies. Locke accompanied President Obama to India in November, where they witnessed more than $10 billion in business deals between U.S. companies and Indian private sector and government entities, supporting 50,000 American jobs.

“Exports are leading the U.S. economic recovery, spurring future economic growth and creating jobs in America,” Locke said. “The business leaders joining me on this mission see the great potential to sell their goods and services to India, helping drive innovation and create jobs in both countries.”

Secretary Locke met last week with India’s ambassador to the United States, Meera Shankar.

G.E. Expanding Domestic Production, with Unions’ Assistance

By | Energy, Global Warming, Innovation, Labor Unions, Taxation, Technology | No Comments

And now, a word of praise for the labor unions…and G.E., of course.

From The New York Times, “G.E. to Add Two New U.S. Plants as Unions Agree on Cost Control,reporting on General Electric’s plans to expand domestic manufacturing operations:

G.E. is building a 350-employee plant in Schenectady, N.Y., to make high-density batteries that will turn many locomotives into diesel-electric hybrids. And in Louisville, Ky., it is adding a factory that will employ 420 workers to produce hybrid electric water heaters — heaters now made in China.

The two moves by G.E., often accused of being too quick to close plants and move operations overseas, came only after its unions agreed to keep costs down by swallowing painful concessions, including a two-tier wage structure.

Jeffrey R. Immelt, G.E.’s chief executive, said the two new operations are part of his campaign to get corporate America to strengthen and expand manufacturing in the United States.

Times reporter Steven Greenhouse interviews Immelt, who makes many compelling points, including: “Labor sees the need to be more competitive than in decades past. After everything that happened in Detroit, it points to more alignment between management and labor. My sense is this is a different day.”

Indeed, International Union of Electrical Workers-Communications Workers of America voted to accept a two-year wage freeze and a lower wage tier for new employees, with G.E. agreeing to not to move operations for two years.

Albany Business-Review, “Union vote, incentives bring battery plant to Schenectady
Albany Times-Union, “Schenectady wins battery battle
WTEN-10 News, “GE’s new battery plant coming to Schenectady
WTEN-10 News, “A salt-powered battery — what’s that?