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To: what's up
A 2007 letter from GE to investors....

Winning in the Essential Themes

Shareholders need their heads examined.

11 posted on 01/22/2011 6:29:58 AM PST by mewzilla (Hey, Schumer, your Lockerbie report left quite a bit out.)
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To: mewzilla
Gasparino Confirms Jeff Immelt Scolded CNBC Staff For Being Anti-Obama

Gee, I wonder where all the lefties who were howling about Halliburton are....?

16 posted on 01/22/2011 6:38:03 AM PST by mewzilla (Hey, Schumer, your Lockerbie report left quite a bit out.)
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To: mewzilla

And here’s MY letter to Jeff and as many Board members for whom I could find email addys.

Below please find a copy of my April email to Jeffery Immelt. I sent it to you in hopes that you also share my concerns for GE. There is a significant consumer, investor backlash building and it could impact GE for many years to come.
Regards,
Dick Bachert

TO: Jeffrey Immelt

April 21, 2009

My Dear Mr. Immelt,

My late father worked for GE for many years in the Apparatus Service Division out of Cleveland, Ohio (specialized in marine work) and was always proud of his relationship with a grand old American enterprise. You were growing up down there in Cinci at the time and, one could assume, were inculcated with those same traditional values my father developed growing up in Coshocton, Ohio.

My wife and I are long-time GE shareholders and have remained thus through the current tumultuous period.

But we have become concerned, indeed ALARMED, at recent events at GE, the most telling of which is your evident embrace of a man who is clearly hell bent on dragging America into some sort of fascist or socialist nightmare. And make no mistake — that is PRECISELY where he is headed.

My wife and I have both signed the “We Surround You” letter at the Free Enterpriser web site so I shant belabor the points already made therein.

I served in the USAF for four years between ‘62 and ‘66. One day in May of ‘62, I raised my hand and swore an oath to God to “...defend the Constitution of the United States.”

To the best of my knowledge, that oath had no expiration date and is still active.

I would respectfully ask you to reconsider your recent activities vis-a-vis what many out here in fly-over country consider to be aiding and abetting an enemy of that Constitution and the IDEA of America envisioned by the Founding Fathers.

If you do nothing else, pray about that and think about what your continued course of action portends for your kids, your grandkids and, more importantly to me, mine.

Dick Bachert

Since I sent this email — to which I received a polite and completely useless computer generated reply — things have only gotten worse as Obama has hoisted the flag of state/corporate socialism even higher up the pole. And the public outrage now bubbling over the top will, I fear, cost GE far more than Jeffery Immelt can know. I pray that America — THE IDEA — will somehow survive Obama. And I pray that an old and venerable firm like GE will somehow survive what I consider to be potentially death-dealing decisions by Jeff Immelt to throw in with the worst occupant of the White House in my 70 years.

Short video on what’s REALLY at stake here:
NOWHERE TO HIDE!

http://www.youtube.com/watch?v=dqw7kXG0kxU


24 posted on 01/22/2011 7:34:57 AM PST by Dick Bachert
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