good post...
biff
11/18/2010 12:22 PM
How Jeff Immelt keeps his job is beyond me. the Company’s stock price has performed horribly since he assumed the helm, even before the financial collapse, its underperformed. Additionally, he and GE are the definition of a rent seeking corporation and a poster child for why the nexus between big business and the fed govt is corrupting. Kleiner Perkins, GE, BP, all are corrupt. Immelt is a clown, i sold GE’s stock long ago when i realized he was converting a business into a politically connected machine.
If I'm an investor, however, I want to know how much of my profits are coming from the public sector. That'd be a number I'd be very interested in learning.
A bigwig with a Fortune 500 company once told me that any company that depends on gov't contracts for its survivability needs to have its board's collective head examined.
Meanwhile, here's a real howler....
GE chief attacks executive ‘greed’ (Immelt ass-kissing Obama; says business should 'welcome' govt)