GE, once parent company now part-owner of NBC, is pissed that rival defense contractor Pratt & Whitney still has a lock on the Pentagon's $100 bil F135 contract. Below is the salient part of a full-page ad GE took out in this week's Washington Post -- now water under the bridge:
And Immelt's pal, Obama, is nowhere to be found.
Moveon.org launched a petition drive Wednesday to force GE CEO Jeff Immeltto resign from Obama's Council on Jobs and Competitiveness over GE's tax evasion, among other things. More Moveon.org outrage here.
An unrepentant Immelt to ABC's Jake Tapper Thursday: it's "really not true' that GE has "shed jobs and a lot of jobs have gone overseas" since he became CEO, adding "people get to think what they think." Via ABC News:
Since Immelt has been CEO he has destroyed $300 Billion of shareholder value. He could be the worst CEO to have survived the stock market crashes of 2001 and 2008. He is a loser and as successor to Jack Welch undoubtedly an embarrassment. What Obama sees in him is a mystery.
Since Immelt has been CEO he has destroyed $300 Billion of shareholder value. He could be the worst CEO to have survived the stock market crashes of 2001 and 2008. He is a loser and as successor to Jack Welch undoubtedly an embarrassment. What Obama sees in him is a mystery.
ReplyDeleteMakes one long for good 'ol Neutron Jack . . .
ReplyDeleteSo this is what an Immeltdown looks like.
ReplyDeleteYeah but Immelt escapes like Houdini!
ReplyDeleteVia my BlackBerry
Thanks for an idea, you sparked at thought from a angle I hadn’t given thoguht to yet. Now lets see if I can do something with it.
ReplyDeleteclomid