Jeff Immelt candidly told Boston’s business and political elite about what GE hoped to get from the company’s move to Boston. He said GE moved to Boston for two reasons: to win the Internet of Things and rethink how companies work in this winner-take-all technology innovation economy.
He also said he liked Boston because of the chip the tech community has on its shoulder; an obvious reference to the Silicon Valley’s domination of nearly every segment of technology.