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Jeff Immelt is a far superior CEO to Welch who concocted a soul-less company. GE isn't just a stock price machine and never should have been. It has employees and role to play American society. Welch is a poster boy for an era which got us into the trouble we find our in today. Greed, greed and more greed. Drive through Pittsfield, Mass or Schenectady, N.Y to see Jack Welch's GE legacy.

In a larger sense, Immelt opening a research center outside Detroit is what SmartPlanet.com is all about -- a vision for the greater good and fostering innovation.