New rules of enterprise and "unprecedented" level of uncertainty, the explosion of the budget negotiations in the United States will keep America achieve its full growth potential, "general electric (GE) chief executive Jeff Immelt (Jeff Immelt) on Monday said in the letter to shareholders.
Ge's chairman and chief executive Jeff immelt. REUTERS/Gary Cameron
Jeff immelt, who cited the government's fiscal position, repeat the debt ceiling debate and the tax system reform of the political storm ", "will affect the investment of capital."
"Gauge tends to increase, in cash-strapped times, of course, we can see, in the United States," Mr Immelt said, "the main regulations' rules more than us $100 million, exploded in the past few years, the result has been the extra burden of the enterprise. It wasn't until we address these constraints, it is very ugly, will give full play to their potential for growth in the United States."
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Mr Immelt in restoration era is called "2013 another typical year," pointing to the emerging markets, including restorative growth and reform in China's economic strength, and the United States is "unprecedented territory", when it comes to financial uncertainty. He called on said: "the main source of fluctuations in corporate planning." This uncertainty, he said, "I never thought I'd see."
Although the storm, GE will continue to be committed to return cash to shareholders. "Overall, we plan to return to $1.8 billion, investors this year through dividends and buy back," the letter said. Since 2000, GE has paid $106 billion in dividends, the company said, more than any other company apart from shell.
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Mr Immelt, estimates that the company will bring in about $10 billion, allocate the dividends in the coming years, "the existing business, including the cash dividend, GE capital and deployment."
Mr Immelt also proposed a "shale gas revolution," and predicted that his company will be ", make the compressed natural gas (CNG) as a transportation fuel more easily, "with Chesapeake energy (CHK).
"And shale gas and other unconventional resources in the United States (and elsewhere) traffic will change the competitive balance of energy generation," the letter said.
 



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