fukushima event in 2010 to phase out. we had an earlier change in 2000 with another change in 2009, and fukushima fukushima, the key event in germany, and at the moment the current situation is that half of the nuclear plant as have been phased out after 2011, and the rest the eight of them are still in operation. they will be phased out by 2021. >> of course you have been -- in germany, they are moving quickly to renewable energy, wind solar, whatever. what's the result been? i mean, has it affect your reliability? the retail prices of electricity or not? >> it's affected the price of the consumer considerably. i think the price went up by 30% for electricity for the private house households. perhaps one conclusion is, and i'm not here taking any particular position if you change policies to a pragmatic manner without too much momentary intervention i think the change in germany has forced us to react very quickly. it had some rather unintended consequences at the moment. we -- the main importer of u.s. coal. now, of course, this is a little bit odd and awkward to have more coal.

teach but there is no one who wrote about the fukushima power plant or 9/11 or hurricane katrina or the financial crisis. some of this you can teach and some of it is what is in your heart. persistence, and endless drive the ability to have confidence in the company. that is what makes ge a truly great company. charlie: you have to get up and have a certain confidence in your ability to make a right decisions. jeff: leadership is this endless wave of learning, getting better. i am my own worst critic. every night a go to bed and i say, you were such a failure and i get up and say hello again let's go. time for another day. it is where life is. but i love where the company is right now. i really do. charlie: what do you think will be its performance in the stock market? jeff: this is a premium industrial company. people that follow ge, people who invest, they see the value of the assets. we run these businesses extremely well and the company has caught a tailwind. aircraft leasing, power, things like that. charlie: is there more divestment coming? jeff: the ge you see today is pretty

fukushima event in 2010 to phase out. we had an earlier change in 2000 with another change in 2009, and fukushima, the key event in germany, and at the moment, the current situation is that half of the nuclear plant as have we had an earlier change in 2000 then another change in fwn, and fukushima is still the key event in germany. at moment my prediction is the current situation is that half of the nuclear plants have already been phased out as of 2011 and the rest, eight of them are still in operation. they will be phased out by 2021. >> of course, you have been -- in germany they've been moving very quickly to renewable energy wind, solar, whatever. so what has the result been? i mean, has it affected your reliability? the retail prices of electricity or not? >> it's affected the price of the consumer considerably. i think the price went up by 30% for electricity for the private households. perhaps one conclusion is, and i'm not here taking any particular position, if you change policies do it in a pragmatic manner without too much momentary intervention, i think the change in g

still the policy in germany? >> that is the policy. we decided three days after the fukushima event in 2010 to phase out. we had an earlier change in 2000 with another change in 2009, and fukushima fukushima, the key event in germany, and at the moment, the current situation is that half of the nuclear plant as have been phased out after 2011, and the rest, the eight of them are still in operation. they will be phased out by 2021. >> of course, you have been -- in germany, they are moving quickly to renewable energy wind, solar, whatever. what's the result been? i mean, has it affect your reliability? the retail prices of electricity or not? >> it's affected the price of the consumer considerably. i think the price went up by 30% for electricity for the private house households. perhaps one conclusion is, and i'm not here taking any particular position, if you change policies to a pragmatic manner without too much momentary intervention, i think the change in germany has forced us to react very quickly. it had some rather unintended consequences at the moment. we -- the main importe

fukushima power plant or 9/11 or hurricane katrina or the financial crisis. some of this you can teach and some of it is just again, was's in your heart persistence. you know endless drive the ability to have purpose in the company each and every day. and in the end those are what makes ge a truly great company. >> rose: but in the end you have to get up and you hve to be-- have to a certain confidence to make the right decisions. >> leadership. >> rose: and get the right information and know whose judgement you trust. >> exactly. and leadership i think is this endless wave of learning, getting better how much you want to learn how much you want-- i am my own worst critic. i always tell people every night i to bed and say god, are you such a failure and get up the next morning and say hello handsome let's go. time for another day. and i just-- i think it's just where life is. >> rose: . >> but i love where the company is rit now. i really do. i really do. >> rose: what do you think will be its performance in the stock market? >> look, i can't predict the stock price. >> rose: do

puck shi fukushima event in 2010 to phase out. wed an earlier change in 2000 and another in 2009 and fukushima is still the key event in germany. at the moment my prediction is that the current situation is that half of the nuclear plants have already been phased out after 2011 and the rest eight of them are still in operation. they will be phased out by 2021. >> of course, you all in germany, they have been moving very quickly to renewable energy, wind solar whatever. what has the result been? >> it has affected the price of the consumer, it went up 30% for electricity for the private households. perhaps one conclusion is and i'm not here taking any particular position, if you change policies, do it in a pragmatic matter without too much momentary intervention. i think the change in germany has forced us to react very quickly. it had some rather unintended consequences at the moment we are the main importer of u.s. coal. this is a little bit odd and awkward to have more coal. >> i was told last year two-thirds of u.s. coal exports went to europe. >> so we are supporting west virgini

three days after the fukushima events in 2010 to phase out. we had an earlier change in 2000. then we had another change in 2009 and fukushima is still the key in germany. at the moment, my prediction is half of the nuclear plants have already been phased out after 2011 and the eight of them are still in operation. they are phased out for 2021. >> in germany they move very quickly to renewable energy, wind, solar, whatever. what has the result then? has it affected your reliability in the retail prices of electricity? >> it as a fact that the price of the consumer considerably. the price went up 30% for electricity for the private households. perhaps one conclusion 99 not here taken any particular position if you change policies in a pragmatic manner without too much momentary intervention, i think the change in germany has reacted very quickly. it had some rather unintended consequences. at the moment, we are the main importer of u.s. coal. of course this is a little bit awkward to have more coal. >> i was told last year two thirds of u.s. coal export went to europe. >> so we are