A Sound Business Model

GE CEO Jeff Immelt says that he runs the company for investors.Our businesses generate cash even in this environment.My commercial paper's on the way down to fifty billion dollars.I get S and P's concern,but it's not gonna change the way we manage the company.We've got a business model in financial services that really works.We've de-risked the financial services business model.We did almost 40 billion of origination in Q4 of 2008.We will remain a significant player in the financial services market.One of the benefits of GE is we can take tax breaks from the financial services unit and apply them to the industrial sector,Mr.Immelt pointed out.