Complete confidence in the game plan...

I just received the Annual Meeting summary and am now completely convinced that Immelt and his team have no reservations about their game plan and its ultimate success. They have rationalized that the first quarter "miss" was a fluke and that what they are doing is right and it will make GE even greater.

Immelt accepts that the investment community and he stakeholders, reaction to his miss was justified, but they are "continuing looking in the mirror and asking the tough questions". He asserts " we will not let others define our future". He continues to stress his great results and that he has a great team that will do the job. He emphasizes the significant opportunities in Infrastructure ($10 trillion investments in the next decade) and takes great pride in "Ecomagination".

In short, Immelt appears to be totally convinced that he will win.... I hope he is right and that he doesn't repeat the first quarter surprise. Only the results will tell the total story...

Bill Rothschild, author of The Secret to GE's Success" now available in Korean, Chinese, Japanese, Indonesian, Spanish and English print and multimedia versions.