Company:
General Electric
Headquarters:
3135 Easton Turnpike, Fairfield, CT 06431
Phone Number:
(203) 373-2211
Business:
One of the world’s largest conglomerates, with business units and divisions in a variety of industries, including financial services, entertainment, medical imaging, power generation and jet engines.
Chief Information Officer:
Gary Reiner
Financials:
$163 billion in revenue; $20.8 billion in profit.
Challenges:
Facing mounting pressure
from restive investors seeking a breakup of the company, get the stock price up by focusing on high-growth businesses that bring a higher return to shareholders.
Baseline Goals:
- Further leverage strategies such as Lean Six Sigma to boost net earnings per share growth to 10% to 13% for 2007, versus a 2% increase in net earnings per share for first quarter 2007.
- Use the Internet to boost digital ad revenue at NBC Universal to $1 billion by 2009, from $200 million
in 2006. - Create new products and technologies, such as power-efficient devices and wind turbines, to increase “eco-imagination” revenue to $20 billion by 2010, from $6 billion in 2006.