Rank: 16 (Previous rank: 13)
CEO: Jeffrey R. Immelt
Address: 3135 Easton Turnpike
Fairfield, Connecticut 6828
GE is on the same slow boat to recovery as many other American manufacturers. In 2010, CEO Jeff Immelt announced that the company plans to slim down its troubled financial arm and boost the portions of the company that "make stuff."
This year, Immelt insists that the economy is improving and that GE is poised to benefit. "The world we face is getting better," he told shareholders at GE's annual shareholder meeting in April. "We see signs of economic strength every day."
At the same meeting, chief financial officer Keith Sherin said that GE is proud of its own recovery. Earnings in 2010 were $3.3 billion, up from $1.5 billion at the end of 2009. But GE still has a long way to go to satisfy its shareholders, who were no doubt irked when the company cut its dividend in 2009 for the first time since 1938. --S.D.
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|Company||2010 Number of Employees|
|China National Petroleum||1,674,541|