GE chief Jeff Immelt was asked by Charlie Rose in an interview on his PBS broadcast this evening why the company sold a majority stake in NBCUniversal to Comcast. “We’re an operating company, we’re not a holding company. When I go into an oil and gas review I have 1,000 ideas. When I see our health care business I have 1,500 good ideas. At the end of NBC I’d say, ‘Make better shows and buy more cable’…I didn’t have 52 good ideas. I had two.” Still he says he doesn’t regret the period when he ran the entertainment giant. He noted that during the GE years NBCU launched the Harry Potter theme park attraction, aired the Olympics and the NFL, introduced The Voice, and beefed up its cable network holdings.
GE’s Immelt On Selling NBCU: “I Didn’t Have 52 Good Ideas. I had 2.”
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