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IMAGINATION. INNOVATION. EXCELLENCE. printed on recycled paper The American Turkish Society salutes the leadership of GE and Doğuş Group in sustainability efforts and presents an environmentally responsible celebration. IMAGINATION. INNOVATION. EXCELLENCE. The American Turkish Society Gala Dinner 2008 Honoring Jeffrey R. Immelt and Ferit F. Şahenk April 16, 2008 Starlight Roof The Waldorf=Astoria New York DINNER COMMITTEE Honorary Chairwoman Mrs. Ahmet Ertegün Co-Chairmen Mr. Charles O. Holliday, Jr. and Mr. David J. Stern Ms. Emily Altman Mr. Koray Arıkan Ms. Aslı F. Başgöz Mr. İzzet Benadrete Mr. Richard J. Bressler and Ms. Lisa Gersh Mr. Stuart V. Brown Mr. Edward T. Cloonan Mr. Lyor Cohen Mr. and Mrs. Kemal Derviş Mr. Haluk Dinçer and Mrs. Suzan Sabancı Dinçer Mr. M. Ergil Ersü Dr. Jacob A. Frenkel Ms. Sule Haskell Mr. Mehmet Emin Karamehmet Mr. and Mrs. Lawrence M. Kaye Mr. and Mrs. Muhtar Kent Mr. Murat Köprülü and Mrs. Nina Joukowsky Köprülü Mr. Korhan Kurdoğlu Mrs. Latife Mardin Mr. Murad Megalli Mr. and Mrs. Metin Negrin Mr. Benjamin E. Ostrom Dr. and Mrs. Mehmet Öz Hon. Peter G. Peterson Mr. and Mrs. Laurence Pettit Mr. I. Martin Pompadur Dr. Howard A. Riina Mr. Nick Rohatyn Mr. Lindsay Rosenwald Dr. and Mrs. Tamer Seçkin Ms. Çiğdem Simavi Mr. A. Ümit Taftalı Mr. Robert Trainer and Mrs. Shirin Devrim Trainer Ms. Heidi Ueberroth Mr. Erol Üçer Ms. Linda Wachner Mr. Nicholas Walsh Mr. Jeff Zucker The American Turkish Society Gala Dinner 2008 Honoring Jeffrey R. Immelt and Ferit F. Şahenk PROGRAM Film GE and Doğuş Group: Imagination. Innovation. Excellence Welcome Murat Köprülü Chairman, The American Turkish Society Gala Co-Chairman’s Greeting David J. Stern Commissioner, The National Basketball Association Honorees’ Remarks Jeffrey R. Immelt Chairman and CEO, GE Ferit F. Şahenk Chairman, Doğuş Group Presentation The American Turkish Society Corporate Partnership Award Special Performance Painted on Water Sertab Erener and Demir Demirkan’s new project “Painted on Water,” in collaboration with world-renowned musicians, is based on the re-discovery/rearrangement of classical folk songs rooted in diverse regions of Turkey with modern melodies and English lyrics. Made possible by Doğuş Group Dinner Music Joey Morant & Catfish Stew CHAIRMAN’S MESSAGE On behalf of The American Turkish Society, I would like to welcome you to our third annual gala dinner, celebrating partnerships between American and Turkish companies, and honoring the extraordinary business leaders who create these successful collaborations. Since New York is the headquarters of our Society and the hub for global business, it is appropriate for us to shine a light on the decades-long and prosperous connections between American and Turkish businesses. This year, we are commemorating GE and Doğuş Group’s dynamic partnerships in financial services and real estate and their collaboration in media. We are honored to present The American Turkish Society Corporate Partnership Award to Mr. Jeffrey Immelt and Mr. Ferit Şahenk for this exemplary U.S.-Turkish cooperation. The American Turkish Society’s inaugural gala dinner in 2006 celebrated the long-standing joint venture of Ford Motor Company and Koç Holding in Ford Otosan. Our tribute to U.S.-Turkish corporate partnerships continued last year with Citi and Sabancı Holding’s partnership in Akbank. With business relations between our two countries growing ever stronger, we look forward to showcasing many more successes. Tonight’s event is critical to The American Turkish Society’s mission - to enhance business, political and cultural ties between Turkey and the United States. Since 1949, we have been pursuing this mission through our thought-provoking speaker series and panel discussions that inform the American public about Turkey’s current affairs, economy, society, arts and culture. In addition, we support education and cultural exchange through a variety of fellowships, grants and collaborations. Your support tonight provides the critical resources to sustain The American Turkish Society’s mission and to fuel its growth in anticipation of its 60th anniversary next summer. We appreciate your participation in this celebration and, given our shared interest in Turkey, look forward to your continuing involvement in all of The Society’s programs. Murat Köprülü Chairman, The American Turkish Society GALA CO-CHAIRman’S MESSAGE Dear Friends of The American Turkish Society: I am pleased to join you in honoring Jeffrey R. Immelt and Ferit F. Şahenk. The relationship between Jeff and Ferit, and between GE and the Doğuş Group, epitomizes how business is conducted in today’s global economy. Their forward-thinking partnership, which spans banking, real estate and media is as unique and innovative as the men who forged it. With its long, rich basketball tradition, Turkey is an important part of the NBA’s plans for growing the game globally. We are proud to have forged a relationship with these two extraordinary business leaders who share the NBA’s values of teamwork, innovation, integrity and respect. Congratulations to Jeff and Ferit and our best wishes for their continued success. Sincerely, David J. Stern Commissioner, The National Basketball Association JEFFREY R. IMMELT Jeffrey R. Immelt is the ninth chairman of GE, a post he has held since September 7, 2001. Mr. Immelt has held several global leadership positions since coming to GE in 1982, including roles in GE’s Plastics, Appliance, and Medical businesses. In 1989 he became an officer of GE and joined the GE Capital Board in 1997. A couple years later, in 2000, Mr. Immelt was appointed president and chief executive officer. Mr. Immelt has been named one of the “World’s Best CEOs” three times by Barron’s, and since he began serving as chief executive officer, GE has been named “America’s Most Admired Company” in a poll conducted by Fortune magazine and one of “The World’s Most Respected Companies” in polls by Barron’s and the Financial Times. Mr. Immelt is also a member of The Business Council, and he is on the board of the New York Federal Reserve Bank. Mr. Immelt earned a B.A. degree in applied mathematics from Dartmouth College in 1978 and an M.B.A. from Harvard University in 1982. He and his wife Andrea have one daughter. FERİT F. ŞAHENK Mr. Şahenk is the Chairman of Doğuş Group. The Group operates in banking and financial services, automotive, construction, tourism, media, real estate and energy sectors. In addition to his position as Chairman of the Group, Ferit F. Şahenk currently chairs the Board of Garanti Bank. Mr. Şahenk joined the Group operations in the Financial Sector in 1991 by founding Garanti Securities. In three years under his management, Garanti Securities became one of the largest in over 100 brokerage houses in Turkey. In 1994 Mr. Şahenk re-structured Garanti Securities into an Investment Bank of the Group where he acted as the Executive Vice-Chairman. Mr. Şahenk, born in Ankara in 1964, received his Bachelors Degree in Marketing and Human Resources from Boston College in 1987. He also participated in the Owner/President Management Program at the Harvard University in 1997. Mr. Şahenk is the Chairman of the Turkish-U.S Business Council and Member of the Board of the umbrella organization, Foreign Economic Relations Board (DEIK) in Turkey. He is also the Vice President of the Turkish Industrialists’ and Businessmen’s Association (TUSİAD) and President of the Economic and Financial Affairs Commission under TUSIAD. At the same time, Mr. Şahenk is an active member of the Clinton Global Initiative, Alliance of Civilizations Initiative of the UN, and the World Economic Forum. He is also the member of the Advisory Board of MIT Sloan School of Management as well the Ambrosetti Forum. Mr. Şahenk is married and has one child. GE is Imagination at Work - a diversified technology, media and financial services company focused on solving some of the world’s toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and industrial products, we serve customers in more than 100 countries and employ more than 300,000 people worldwide. GE is made up of six businesses, each of which includes a number of units aligned for growth. Our businesses fuel the global economy and improve people’s lives. Our four global research centers attract the world’s best technical minds. With more than 2,500 researchers working toward the next breakthrough, GE is positioned to continually innovate, invent and reinvent. Our commitment to environmental solutions through our ecomagination program will generate over $20 million in revenues by 2010 and has lead to the creation of more than 60 ecomagination products that produce cleaner energy or improve efficiency. GE’s financial results highlight our ability to deliver. In 2007, GE generated double-digit earnings and revenue growth ($172 billion in revenues and $22.2 billion of earnings). Over the past five years, GE has grown its earnings an average of ten percent annually. GE also generated $23.3 billion in cash in 2007, which has given us flexibility to invest in our businesses. GE traces its beginnings to Thomas A. Edison, who established Edison Electric Light Company in 1878. In 1892, a merger of Edison General Electric Company and Thomson-Houston Electric Company created General Electric Company. GE is the only company listed in the Dow Jones Industrial Index today that was also included in the original index in 1896. Founded in 1951 with initial activity rooted in construction, the Doğuş Group has today become one of Turkey’s largest conglomerates of impeccable track record. Doğuş Group pursues a customer-focused and productivity-centered management style, while also embodying the ethics of corporate citizenship that benefit broader society at large.