If the ET (Energy Technology) Revolution is going to be one of the pillars of American Renewal, then the General Electric Company will be in the vanguard. Jeff Immelt has built their wind, solar and water technology divisions to be world leaders. But the company is dragged down by their giant G.E. Capital division, which would be the nations fifth largest bank if it were a stand alone.
Immelt should split the company in two or sell off G.E. Capital to Warren Buffet. Then he could run the world’s preeminent green infrastructure business. That would show the future of American manufacturing.