"I'm not here to make excuses," lies GE CEO Jeff Immelt in this video of a recent interview. Then he goes on to explain why your concerns about him earning $10 million last year are super stupid. Best excuses below!
So much for the truce between MSNBC and Fox. Since news of a cease fire (or at least a ratcheting down of the rhetoric) appeared in the pages of the New York Times twelve days ago, whatever fragile peace the two networks negotiated has dissolved into the usual volley of insults. Bill O'Reilly is once again the worst…
• Détente? The feuding between Fox News and MSNBC has grown so fierce that News Corp.'s Rupert Murdoch and GE's Jeff Immelt met up recently "to figure out how to defuse tensions between the two channels." [LAT]
• The Boston Globe reports that two groups of investors have submitted preliminary bids to buy the newspaper…
• Stocks appear positioned to rise this morning after tumbling to their worst levels in more than a decade during yesterday's trading session. [CNN, MW]
• More on what the government is trying to do with the billions it's been pumping into AIG. Meanwhile, the insurance giant's founder, Hank Greenberg, has filed suit…
Mr. Heidi Klum (or Seal, if you prefer) turns 46 today. General Electric chief Jeff Immelt is 53. Jonathan Lethem is turning 45. Sony CEO Howard Stringer is turning 67. New York Times finance reporter Andrew Ross Sorkin is 32. New York art critic Jerry Saltz is 58. Carolyn Maloney is turning 61. Hearst's Ellen Levine…
• President Obama is unveiling a $75 billion plan today to help struggling homeowners. A press conference is scheduled for 12:15pm. [WSJ, NYT, CNN]
• The Dow fell 3.8% yesterday to close at its lowest point since November. How today goes hinges on the response to Obama's housing rescue plan. [CNN]
• More on the life…
♦ Attorney General Andrew Cuomo says Citigroup should follow Goldman's lead and forgo bonuses for senior execs. [NYP]
♦ Embattled Yahoo! CEO Jerry Yang has announced he will step down as soon as the board finds a replacement. [NYT, WSJ]
♦ Mark Cuban's attorney on the insider trading charges leveled against his…
♦ President Bush urged Americans to support the $700 billion bailout during his televised address last night, the first time he's ever devoted a primetime speech to the economy. Meanwhile, thousands of politicians continue to clash over the specifics. [NYT]
♦ Warren Buffet was drinking a cherry coke and eating mixed…
What did the CEO of General Electric say about black people two weeks ago? The Black Corporate Directors Conference may have thought it was doing Jeff Immelt a favor by keeping his comments on race off the record, thus allowing him to speak more freely and so forth. But now that Immelt's statements to CNN's Soledad…
Scheduled to take the stage at Google's latest Zeitgeist gathering are CEO Eric Schmidt and General Electric CEO Jeff Immelt. The plan is to announce a partnership which "is likely to focus on adding network intelligence to the electric grid and improving capacity," according to Portfolio. The idea is to improve…
Keith Olbermann may have been pushed out of his gig anchoring MSNBC's election coverage, but the Countdown host actually made out pretty well, with the cable news network widely reported to be in the process of extending his contract. Far sadder is the case of Olbermann's fellow shouting head Chris Matthews, also…
The protégé of Jack Welch and his successor at General Electric, Immelt is the company's chairman and chief executive officer.
NBC Universal CEO Jeff Zucker again denied rumors of a possible sale of the company by parent General Electric. Zucker noted that GE chief Jeff Immelt "has said numerous times that NBCU is not for sale." Sort of like NBC's new fall season on iTunes. [Reuters]
