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Obie headed to Schenectady , will announce Immelt replaces Volcker as chair

Bloomberg link


Immelt wrote in an op-ed today in the Washington Post that Obama asked him to helm the newly renamed President’s Council on Jobs and Competitiveness. The group will reach out to labor and business leaders to serve “as a catalyst for action,” he wrote.


“It’s the right aspiration,” Immelt who will still serve as an outside adviser in his new role, said of the president’s goal of doubling American exports to more than $2 trillion in five years, during a Nov. 6 interview in Mumbai, where he joined Obama for a meeting with business leaders. “We’ve done it in the last five years, as a company.”

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