Jeffrey Immelt Net Worth

Jeffrey Immelt net worth and salary: Jeffrey Immelt is an American business executive who has a net worth of $150 million. At his peak with GE, he earned an annual salary of $22 million. Born in Cincinnati, Ohio, Jeffrey Immelt graduated from Darthmouth College with an A.B. in Applied Mathematics and from Harvard University Business School. He became the CEO of General Electric in 2001, just days before the September 11th attacks. His leadership of GE has been widely criticized for cutting American jobs and paying little to no corporate income taxes. He also spent lavish amounts of company cash on acquisitions, many of which flopped. He also spent cash on stock buybacks at prices that would eventually prove to be exorbitant. When Jeff retried from GE in 2017, he had amassed $85 million in pension benefits alone.

Immelt is on the board of the non-profit Robin Hood Foundation, an organization dedicated to addressing issues of poverty in New York City. In 2008, he was selected for inclusion in Time Magazine's list of the Most Influential People in the World. In 2009, he joined the President's Economic Recovery Advisory Board, and in 2011 he became Chairperson of the Council on Jobs and Competitiveness, a White House panel of external economic advisors tasked with boosting the job market in the United States.