"This Is Just About the Best Gig You Can Have"

Jeff Immelt talks about Jack Welch, his own path to the top, and where he sees General Electric five years down the road

Jeffrey R. Immelt is slated to become the next chairman and chief executive of General Electric Co. when Jack Welch retires on Sept. 7. Associate Editor Diane Brady recently sat down with the new chief in GE's Fairfield, Conn., headquarters to discuss the challenges of replacing an icon and leading the company through tough economic times. Here are edited excerpts from their conversation:

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