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Former CNBC Reporter: GE CEO Immelt Meddled in Network's Editorial Coverage
Newsbusters ^ | September 13, 2010 | Jeff Poor

Posted on 09/14/2010 1:47:36 PM PDT by Rufus2007

This could confirm what many suspected all along - the corporate heads at General Electric (NYSE:GE) would try to use their media holdings to portray President Barack Obama and his administration in a positive light in order to gain a corporate advantage.

That's how former CNBC reporter and current Fox Business Network senior correspondent Charlie Gasparino explains it in his forthcoming book, "Bought and Paid For: The Unholy Alliance Between Barack Obama and Wall Street."

According to Gasparino, GE CEO Jeffrey Immelt had "helped his company feast off of the subsidies of Obamanomics," including the green energy initiatives and health care reform. And although Immelt is a registered Republican, Gasparino detailed how Immelt would walk around his company's headquarters saying "we're all Democrats" now at the prospect of government checks going to GE. But later, Gasparino explained how Immelt would use his authority to manipulate the editorial coverage of on Obama for that reason:

...more...

(Excerpt) Read more at newsbusters.org ...


TOPICS: Business/Economy; Crime/Corruption; Front Page News; Government; News/Current Events; Politics/Elections
KEYWORDS: 2008electionbias; bho44; bigmedia; boycottge; cnbc; corporatesocialism; cultureofcorruption; democratscandals; dnctalkingpoints; enemedia; generalelectric; journolist; journolistgate; mediabias; mediagate; obamascandals; obamunism; pravdamedia; staterunmedia; yellowjournalism
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To: Rufus2007

It’s just business. It was a good bet. Immelt should be rewarded for his risk taking, and the ultimate payoff.

Immelt helped his company, that’s his job, right? Nothing else matters.


21 posted on 09/14/2010 2:16:15 PM PDT by brownsfan (D - swift death of the republic, R - lingering death for the republic.)
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To: worst-case scenario

Are you trying to make a point?


22 posted on 09/14/2010 2:23:28 PM PDT by Anti-Bubba182
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To: Rufus2007

bump


23 posted on 09/14/2010 2:29:18 PM PDT by WashingtonSource
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To: LucyT

ping


24 posted on 09/14/2010 2:33:10 PM PDT by Fractal Trader
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To: Frantzie

That’s ‘Rick’ Santelli on CNBC.


25 posted on 09/14/2010 2:36:36 PM PDT by griswold3 ('Regulation and law without enforcement is no law at all)
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To: Rufus2007

Jeffrey Immelt is by far the worst CEO in the country. GE share prices and earnings have gone nowhere since he took the helm years ago. He has reduced a once great innovative private enterprise company to a a company whose existence depends on the largesse of government subsidized projects.I blame the Board of Directors for not canning this incompetent years ago. The shareholders should vote out the entire board for allowing this clown to hang on.


26 posted on 09/14/2010 2:38:41 PM PDT by chuckee
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To: Rufus2007

I began boycotting GE years ago... they are thoroughly corrupt


27 posted on 09/14/2010 2:44:25 PM PDT by bareford101 (Be loud! We have nothing – NOTHING - to apologize for in fighting for our Country!!)
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To: Fractal Trader; Fred Nerks; null and void; stockpirate; george76; PhilDragoo; Candor7; rxsid; ...
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Former CNBC Reporter: GE CEO Immelt Meddled in Network's Editorial Coverage

This could confirm what many suspected all along - the corporate heads at General Electric (NYSE:GE) would try to use their media holdings to portray President Barack Obama and his administration in a positive light in order to gain a corporate advantage.

28 posted on 09/14/2010 3:01:32 PM PDT by LucyT
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To: Dick Bachert

The GE board of directors could remove Jeff tomorrow if they wanted to. Problem is, they kinda like the boy...


29 posted on 09/14/2010 3:09:37 PM PDT by April Lexington (Study the Constitution so you know what they are taking away!)
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To: brownsfan
Immelt helped his company, that’s his job, right? Nothing else matters.

Well... the stock price matters and its been in the toilette under JI...

30 posted on 09/14/2010 3:11:05 PM PDT by April Lexington (Study the Constitution so you know what they are taking away!)
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To: April Lexington

“Well... the stock price matters and its been in the toilette under JI...”

Who’s stock price hasn’t? Bad market, but JI has been positioning his company for rewards.

Companies only exist for one reason, make money. Right?


31 posted on 09/14/2010 3:16:35 PM PDT by brownsfan (D - swift death of the republic, R - lingering death for the republic.)
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To: brownsfan

JI is one problematic CEO. He has never made big money for the company and should be shown the door. Any “dancing with the devil will only burn his...”


32 posted on 09/14/2010 3:17:58 PM PDT by April Lexington (Study the Constitution so you know what they are taking away!)
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To: brownsfan
Who’s stock price hasn’t? Bad market,

Read the 10Qs... not much to show for all that fancy lip work...if ya know what I mean...

33 posted on 09/14/2010 3:18:55 PM PDT by April Lexington (Study the Constitution so you know what they are taking away!)
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To: Frantzie
Don't forget our girl Michelle Caruso-Cabrera:


34 posted on 09/14/2010 3:21:42 PM PDT by nascarnation
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To: LucyT

Immelt, et al and the Obomenation, ‘All your news are belong to us. Make your time.’


35 posted on 09/14/2010 3:27:07 PM PDT by MHGinTN (Noids, believing they cannot be deceived; nye impossible to convince them when they're deceived.)
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To: LucyT

Immelt, et al and the Obomenation, ‘All your news are belong to us. Make your time.’


36 posted on 09/14/2010 3:28:17 PM PDT by MHGinTN (Noids, believing they cannot be deceived; nye impossible to convince them when they're deceived.)
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To: Rufus2007

Hugh and series. Another article posted to my FB page. I always get slammed for these, and I love it. LOL. But some people who read these types of articles there are waking up. Since they would never visit a conservative website, and never hear these things in their Liberal newspapers or on the Liberal networks, they see them on my FB page. Maybe soon I can sway some to come over to FreeRepublic and see what truths they can find here, too.


37 posted on 09/14/2010 3:28:38 PM PDT by CitizenM (If we ever forget that we're one nation under GOD, then we will be a nation gone under.-Ronald Re)
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To: SueRae
"And will not buy a GE product......

I wish I hadn't. GE appliances are nothing but a piece of junk. Especially their refrigerators.

38 posted on 09/14/2010 3:44:00 PM PDT by Spunky (You are free to make choices, but not free from the consequences)
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To: griswold3

Charlie has always been one of the players in this. He is well known for dropping his “Rumors”, and causing the market to spike upwards during a bad trading day. Then the rumor would often not pan out, but he would be right back a week or so later with the same rumor, and do it again. They call him GasBag on some of the forums.

As for him exposing what was already obvious. I will give him credit for that.


39 posted on 09/14/2010 4:37:56 PM PDT by Revel
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To: Rufus2007

I’m not surprised. Immelt and Obama are fellow Ivy Leaguers.


40 posted on 09/14/2010 4:43:59 PM PDT by Moonman62 (Half of all Americans are above average.)
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