Post by Annette on May 14, 2008 1:27:08 GMT -5
I am so burned up with General Electric (GE) that I can't see straight: They have been selling technology to Iran who is killing Americans in Iraq. I can't believe this dirty, low-down company has done business with Iran and now I understand why the media is so anti-war in Iraq. GE owns the media! GE is in the oil and gas business! Their Oil and Gas Website. CEO of GE, Jeffrey Immelt, who took the place of jack Welch at first denied doing business with Iran when he stated the following:
SSE WATTERS, "FACTOR" PRODUCER: Mr. Immelt, Jesse with FOX News. We'd like to talk to you about your involvement with Iran. Are you still trading with Iran while Iranians are killing Americans in Iraq?
JEFFREY IMMELT, CEO, GENERAL ELECTRIC: Excuse me.
WATTERS: You're not selling them airplane parts that they can be used for military equipment?
MICHAEL EISNER, HOST, "CONVERSATIONS WITH MICHAEL EISNER": Iran wants GE technology, and the U.S. government doesn't want American companies to deal.
Well, we found it amazing that Immelt denied doing business with Iran when he clearly has. Then a few weeks later, he appeared on CNBC to state the following:
JEFFREY IMMELT: You know, Michael, we stopped taking orders in a place like Iran in 2005. Most of our customers in Iran were European companies, you know, European oil companies, things like that. So we didn't just go cold turkey. You know, we finished the projects which we started, but we took no new orders.
Bill O'Reilly:
Now Immelt is parsing the old orders that have continued for years and still continuing. GE says they will cease this year. Great. So how many dead before Immelt gets out of there?
As you may know, GE is failing badly. Analysts describe its latest earnings report, released three days ago, as a disaster. When Immelt took over GE in 2001, the stock price stood at $39.66. Today it closed at $31.75, down 8 bucks in seven years. So GE stockholders have actually lost big money in that time.
Meantime, Immelt receives more than $20 million a year in compensation. Can you believe it? Everybody else gets hosed; Immelt gets wealthy.
But far worse is the Iran deal. If my child were killed in Iraq, I would blame the likes of Jeffrey Immelt. There's no excuse for his behavior or his incompetence.
Millions of Americans hold GE stock in good faith, but this is a bad company. Doing business with people killing American soldiers and Marines is simply unacceptable. And paying a guy $20 million to run a company into the ground is simply breathtaking.
There are more than a few villain CEOs in this country, but Jeffrey Immelt could well be the worst.
And that's "The Memo
SSE WATTERS, "FACTOR" PRODUCER: Mr. Immelt, Jesse with FOX News. We'd like to talk to you about your involvement with Iran. Are you still trading with Iran while Iranians are killing Americans in Iraq?
JEFFREY IMMELT, CEO, GENERAL ELECTRIC: Excuse me.
WATTERS: You're not selling them airplane parts that they can be used for military equipment?
MICHAEL EISNER, HOST, "CONVERSATIONS WITH MICHAEL EISNER": Iran wants GE technology, and the U.S. government doesn't want American companies to deal.
Well, we found it amazing that Immelt denied doing business with Iran when he clearly has. Then a few weeks later, he appeared on CNBC to state the following:
JEFFREY IMMELT: You know, Michael, we stopped taking orders in a place like Iran in 2005. Most of our customers in Iran were European companies, you know, European oil companies, things like that. So we didn't just go cold turkey. You know, we finished the projects which we started, but we took no new orders.
Bill O'Reilly:
Now Immelt is parsing the old orders that have continued for years and still continuing. GE says they will cease this year. Great. So how many dead before Immelt gets out of there?
As you may know, GE is failing badly. Analysts describe its latest earnings report, released three days ago, as a disaster. When Immelt took over GE in 2001, the stock price stood at $39.66. Today it closed at $31.75, down 8 bucks in seven years. So GE stockholders have actually lost big money in that time.
Meantime, Immelt receives more than $20 million a year in compensation. Can you believe it? Everybody else gets hosed; Immelt gets wealthy.
But far worse is the Iran deal. If my child were killed in Iraq, I would blame the likes of Jeffrey Immelt. There's no excuse for his behavior or his incompetence.
Millions of Americans hold GE stock in good faith, but this is a bad company. Doing business with people killing American soldiers and Marines is simply unacceptable. And paying a guy $20 million to run a company into the ground is simply breathtaking.
There are more than a few villain CEOs in this country, but Jeffrey Immelt could well be the worst.
And that's "The Memo