The Emancipation of Jeff Immelt

Jeff Immelt
Jeff Immelt in New York, September 2017. Photo: Christopher Goodney/Bloomberg/Getty Images
William D. Cohan
June 3, 2026

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Nine years after stepping down as chief executive of GE, Jeff Immelt, the largely underwhelming heir to Jack Welch, is still trying to rewrite his legacy. Since 2018, he’s reinvented himself as a Silicon Valley type, becoming a partner at New Enterprise Associates, the major Menlo Park venture capital firm, and teaching a class on executive leadership at Stanford Business School—a perch that has allowed him to pontificate on the merits of disruption, which he definitely achieved at GE. During his 16-year tenure, Immelt systematically dismantled the conglomerate, selling or spinning off GE’s finance arm, appliance business, plastics division, and more. Perhaps most famously, he sold NBCUniversal at the height of the financial crisis for pennies on the dollar.