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Six years after the Taxavoidination (GE and Jeff) tune/video, Jeff Immelt, CEO of General Electric, has moved on. From the wire: General Electric announced Monday that Jeffrey Immelt retired as director and chairman of the company’s board of directors, about two months earlier than expected. In June, GE said Immelt would retire from the board […]
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From the wires: GE’s Greenville plant, where all 22 gas power-plant turbines will be exported this year, is hiring 125 people in 2011. — SF Chronicle Yesterday, arch rent-seeker Jeffrey Immelt, General Electric CEO and Obama’s job czar, headlined the “Campaign for Free Enterprise??? job summit. In typical fashion, Immelt had little concern for free […]
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Dylan Ratigan on MSNBC was worth a cynical laugh just a few minutes ago. David Stockman, Ronald Reagan’s old Director of the Office of Management and Budget, was a guest and near the end of the show he lit inot General Electric’s Jeff Immelt, calling him a “crony capitalist” on the telephone crying to Bush […]
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I just saw “Inequality for All,??? Robert Reich’s documentary on the same. A crowdsource contributed copy, of course, obtained by a friend. Can’t afford to see these things in the Pasadena art house. The self-same fruit of inequality for all, y’know. Do you know what a year at UC Berkeley costs, where much of “Inequality […]
Starting at mid-week, DD’s semi-old “GE & Jeff” tune jumped about 700 views, making it the most popular thing I’ve done, a position formerly held by “That’s Logistics,” a spoof of UPS made after the failed al Qaeda toner cartridge bomb plot. (The latter continually benefits from people looking for the “logistics song” when UPS […]
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Here we are, a year after General Electric made big news on avoidance of corporate income tax — even getting a bribe from Uncle Sam — and nothing has changed. From Think Progress: Last year, Citizens for Tax Justice found that 30 major corporations had made billions of dollars in profits while paying no federal […]
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A number of giant multi-nationals have finally figured out, or their CEOs have, that the mass downturn has soured a lot of the populace. A decade of relentless outsourcing, squeezing out through automation and economic shrinking has done it. People are figuring out corporate America really does hate them. It doesn’t like to pay even […]
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Readers will recall the absurd public relations program launched a month or so ago, one designed to increase tourism and therefore spur economic growth and jobs in the hospitality industry. You see, it’s recognized we have a bad rep. Lotsa people don’t wanna come here anymore. They don’t dig being run through the anti-terrorism infrastructure. […]
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From the Financial Times: General Electric, the largest US industrial group by market capitalisation, reported a 3 per cent rise in earnings per share from continuing operations in the fourth quarter, thanks to another strong performance at GE Capital, its finance division … Jeff Immelt, the chief executive, warned of “continued volatility in 2012???, but […]
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I have the best song for the new tourism trade association campaign to boost America overseas. It’s “The National Anthem!” What better way to show off our best side than to indicate that after a long time, yes, some of us still do have a grim but inviting sense of humor. And that we’re able […]