Conglomerates who are into anything and everything usually do nothing well, and that describes GE over the last 20 years. Stepping stones to CEO wealth and nothing else is merely sophisticated money laundering that operates like business using the disguise for self service.
America has never been weaker because of this GE model experiment, and America is no more enamored by its corporations than it is by its Presidential candidates. Fudging leadership operates to weaken the entire country, and exposes everyone to high risk rewards much like casino games where the house always wins. America has a right to be disgruntled, disenchanted, and disappointed in whatever high-flyer corporate leadership is being pandered by media moguls.
Immelt's appointment as a kind of jobs czar is my first disappointment with Obama. And I am a GE shareholder! Under Immelt's leadership, GE products have grown shoddy, the stock price is too low, the dividend rate needs to be improved, offshore production means almost NO US taxes are collected, and jobs do not employ Americans.
In the 60 Minutes interview, he seemed oblivious to these failures. He said that he was on the side of his shareholders, but I don't see that I am benefiting from his leadership. So, who is? Perhaps Mr. Immelt.
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America has never been weaker because of this GE model experiment, and America is no more enamored by its corporations than it is by its Presidential candidates. Fudging leadership operates to weaken the entire country, and exposes everyone to high risk rewards much like casino games where the house always wins. America has a right to be disgruntled, disenchanted, and disappointed in whatever high-flyer corporate leadership is being pandered by media moguls.
In the 60 Minutes interview, he seemed oblivious to these failures. He said that he was on the side of his shareholders, but I don't see that I am benefiting from his leadership. So, who is? Perhaps Mr. Immelt.