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Inside GE, Ecomagination is deemed a success, so much so that it has spawned a sister initiative (if you can spawn a sister) called Healthymagination, focused on profitably creating better health for more people. GE says that it expects Ecomagination product revenues to grow at twice the rate of GE's overall revenue between now and 2015.\n\nThe logic behind both initiatives is simple, Bob noted. Big global problems demand big solutions from big companies. GE prides itself on "tackling the world's most complex and pressing problems," as chief executive Jeff Immelt writes in the report.\n\nThe trouble is, the payoff for GE's shareholders have been disappointing. I didn't realize just how disappointing until I put together this chart comparing GE's stock-price performance to the S&P500 and to a couple of its conglomerate competitors, Siemens and United Technologies.

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GE's multi-billion dollar ecomagination program seems to be a runaway success

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