Skip to comments.Ronald Reagan's Son Remembers The Day When GE Fired His Dad
Posted on 02/04/2011 5:22:47 PM PST by Kaslin
If liberals had supported Ronald Reagan the actor, they wouldn't have had to deal with Ronald Reagan the politician.
In 1954, my father Ronald Reagan began hosting a weekly TV series, "General Electric Theater." The show aired Sunday nights at 9 on CBS, and consistently ranked in the top 10. Dad hosted the show and appeared as an actor in a number of episodes. Nancy made sure we watched it every week.
Under my father's contract with General Electric, he toured the country by train and visited GE factories, local chambers of commerce and civic groups. The thousands of speeches he gave helped prepare him for bigger things to come.
The GE of Ronald Reagan's day bears little resemblance to GE today. Headed by CEO Jeffrey Immelt, today's General Electric has been roundly condemned for its past business dealings with Iran (which GE says ended in 2008). GE's critics range from liberal Sen. Frank Lautenberg of New Jersey to Fox News host Bill O'Reilly.
Isn't it against the law for American companies to do business with Iran and other nations that sponsor terrorism? Yes but a legal loophole permits foreign divisions of multinational companies to get away with it.
As Christopher Holton of the Center for Security Policy said on "The O'Reilly Factor" Jan. 11, 2008:
(Excerpt) Read more at investors.com ...
“Once, around 1960 or ‘61, Dad gave me a Christmas present of 90 shares of General Electric stock, worth around $70 a share. What is GE stock trading for these days? Around $20! Why isn’t Immelt on unemployment?”
However, if adjusted for splits, each share was trading for .17 in today’s terms. If Reagan still had the stock, instead of 90 shares he would have about 9000.
He would spend it all on ballerina shoes
Wrong son....read it!
True, but if he’d bought when Bush became President, he’d have less.
I applauded your personal boycotting of GE products. Unfortunately GE components are so prolific that it is almost imposable to buy anything that runs on electricity or gasoline that doesn’t have GE parts.
Mike has a point, and it’s heartwarming that Bobbie Kennedy found that Karma is a bitch.
oops sorry i have been seeing so much of that fruit cup on tv lately i just assumed
“If Bobby Kennedy had let Ronald Reagan continue hosting his successful TV show, would my father have run for governor? Doubtful. And if he had not been elected governor, he certainly would not have run for president of the United States.”
I’d consider this Bobby Kennedy’s greatest legacy - one liberals can barely contemplate.
see post 9
Heh! Thats better.
I thought the same thing...until I read it. If you haven’t already, read it...it’s interesting.
Michael Reagan...The real son.
He was the chosen one
Thanks for the post Kaslin. Very interesting. I emailed my list the link.
I dont know, but the fact that this guy presents stock prices that are nearly 50 years apart as if there were no splits or dividends is at worst a moron, and at best he is the worst kind of huckster.
And there are people that read it and nod, as if to say, “Yeah, he must be right, he is Ronnie’s son....” should reconsider how they judge people.
I have always thought this guy was a jerk—trying to make buck off his Dad. He is no better than his brother....Ronnie punches the Dad doll one way, and Mikey punches it the other.
Go make a living on your own name.
While Bobby was apologizing for America's actions in the world, Reagan looked into the camera and said, "I will never apologize for America." The host from ABC gave Reagan a chance to back away from that statement, but Reagan only repeated it.
After the broadcast, Bobby knew he had performed quite badly as opposed to Reagan. He said to one of his staffers, "OK, who got me into this f***ing mess?"
Too young for GE Theater. But I remember Reagan from 20 mule team Death Valley days in early 60’s. He hosted it and sometimes starred in it.
I find in reprehensible that the IBD permit this article that slams GE without a chance for them to tell their side of the story. The IBD has been using every opportunity to slam GE even since the appearance of a closer tie with President Obama. The IBD could focus on disasters caused by other big companies, such as the Texeco-Chevron Amazon disaster or BPs endless mismanagement disasters, or ADMs, Bunge, and Cargill's rainforest deforestation. But do they? And why not?
I don't recall BP helping proliferate nuclear weapons, but maybe my memory is faulty.
In 1964 when I was 10 years old I stopped at the Barry Goldwater campaign headquarters on Wilshire Boulevard. My friends and I were on our way home from school and we went inside for free cookies. Ronaldus Magnus was there and I stood right next to him. I recognized him as the host of Death Valley days. I will remember that for as long as I live.
Michael Reagan is a wonderful tribute to his adoptive father.
I love to hear him talk of Ronald Reagan.
Good bless you Michael. When you speak, your father lives again.
When GE did make home electronics , they sucked bigtime , especially the TVs . While I was working my way thru college in the early 70’s I worked for a TV repair shop for a while . American TVs were junk compared to offerings from Japan . No wonder we lost that market .
There are some good GE theater episodes on youtube. Here
is part 1 of 4, starring Jack Benny...
Obama was so mad that they fired Ronald Reagan, that he turned around and bought the company.
The FCC stipulated the NBC give access to NGO’s as part of the approval of the Comcast deal. GE is the parent coompany to NBC.
GE received 13 of 15 Obama Stimulus grants...the GE of Today is closer to the government than ever.
Cool! Roy Rodgers was my favorite cowboy. I still have a rusty and cobwebbed 51 year old Wonder Horse on springs that I named Trigger. Sitting in my garage and still can’t bring myself to throw it away.
Um, let's see ... The stock has split a total of 96 for one since
1960 or '61. So, if Michael had kept his stock, worth $6300 when he got it, he would now have 8640 shares, worth $117,638 dollars as of Friday's close. And that's not counting the steady dividend he would have been receiving in the meantime (currently, his investment would be paying about $4838/yr in dividends, which is an annual yield of about 77% on his original cost).
Typo. That should be $177,638.
If it weren't for Reagan you probably would have forgotten all about the cookies.
Reagan switched parties in 1962. I wonder if it was before or after the firing.
I also remember Mike’s sister (and Dutch’s natural daughter by Jane Wyman) Maureen Reagan. She as I remember stood by her dad, and while I’m not sure that she mirrored Dutch on all matters she wore the name well.
When I think of GE, I remember one of President Reagan’s great lines. He said; “any company that gets in bed with government is going to get more than a good nights sleep.”
That was a superb line. In a former life, I worked for one of the competitors of GE. I learned to hate them. We could beat them in any technological or quality match-up, but they knew how to deal dirty by playing their corporate/government connections better than anyone in the business. If you study how Obama avoided serious elections early in his career, you will also understand how GE wins contracts over competitors.
My father took me out of school one day to see Ronald Reagan speak on the shop floor at the local GE plant where my dad worked.
I’d always watched Reagan on the GE Theatre program, but on this day listened to him speak of how our great country works economically. I never thought of him as an actor after that experience. He spurred my interest in politics and in economics, in plain-spokenness, and in clear thinking.
I stood about ten feet away from him, and will never forget the power of his thinking and his personality.
My daughter was born on his 72nd birthday. She has always loved him as “her President,” and is naming the baby girl she is expecting in June, “Reagan”.
I believe in 1967, Bobby Kennedy and Ronald Reagan debated on tv. After the show, Kennedy asked who was the jackass who thought it was a good idea to debate Reagan...
"Whiny" Ron: MOM, ALWAYS LIKED YOU MORE!!!!!!!!