Posted on 10/24/2009 12:11:38 PM PDT by Shellybenoit
This week Kenneth R. Feinberg, popularly known as the White House Pay CZAR, announced his plan to cut the pay for the top 25 earners at seven companies that received federal government help. On average cut total these executives had their compensation cut by about 50 percent. The companies are Citigroup, Bank of America, American International Group, General Motors, Chrysler and the financing arms of the two automakers.
This week Kenneth R. Feinberg, popularly known as the White House Pay CZAR, announced his plan to cut the pay for the top 25 earners at seven companies that received federal government help. On average cut total these executives had their compensation cut by about 50 percent. The companies are Citigroup, Bank of America, American International Group, General Motors, Chrysler and the financing arms of the two automakers.
One company was mysteriously missing from the list, General Electric. GE has been regularly protected from the TARP rules. By taking advantage of its ownership of two tiny banks in Utah, GE was able to issue $80 Billion dollars worth of federally backed loans about one out of every four dollars available in the federal loan guarantee program.
(Excerpt) Read more at yidwithlid.blogspot.com ...
GE = NBC = MSNBC = Keith Olbermann
Even they are not stupid enough to bite the hand that feeds them
GE’s Jeffrey Immelt is on the board of the NY Federal Reserve Bank. That is why.
Under Fascism, private companies that cooperate with the government and do its bidding are allowed to remain under private control, are protected from competition, and avoid midnight visits from the Gestapo, or whatever government organization carries on in the tradition of that organizaiton.
GE is part of the cabal and will benefit from their deal with the Chosen One.
GE is the new ENRON.
They fool no one.
It hard to find GE when they are so far up Obama’s butt.
NEW YORK (Reuters) - The $173 billion government rescue of American International Group Inc (AIG.N) is stoking resentment among investors who see it as a backdoor taxpayer bailout of Goldman Sachs (GS.N) and other banks.
Dr SO is a large owner of GE.
Pray for America and Our Troops
GE is the new Todt corp or Messerschmidt
Because some animals are more equal than others!
of course
I think that I G Farben is closer to the mark.
These corrupt behaviors of the Obama Regime is more suited for Venezuela, where Obama’s beloved fellow communist Chavez, does this stuff every day.
Immelt is also on Obama’s Economic Recovery Advisory Board.
Ironically, this weeks episode of 30 Rock (the NBC comedy) was about Jack Donaghy’s (Alec Baldwin playing the CEO of GE) arch-nemisis Will Arnett worming his way into the Obama administration to get revenge on Baldwin by using the TARP fund powers to try to take over GE.
GE didn’t participate in the TARP fund, they only recived loan guarantees
Surely they Jest! IMMELT is having an Intimate Affair with OBAMA,so the PAY CZAR isn’t going to slap IMMELT’s wrist!!
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