4/3/11

Oops!

From the FT of 4-2/4-4.

The White House has been forced on the defensive about the choice [of Mr. Immelt as the chair of advisory committee on jobs and competitiveness] after GE aggressive tax planning strategies and accusations the the group had not paid a cent of tax in 2010.

"Can America afford Medicare when [GE] is not contributing?" (Andy Stern, former labor leader).

"The thing I was baffled by is that under Immelt's helm, GE has increased global employment but closed 25 factories here" (Scott Paul, executive director of the Alliance for American Manufacturing.

Democratic activist groups are asking for Mr. Immelt resignation.


Wow!

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked second best gold timer by Timer Digest

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