[Anti-Bubba182]

NBC and MSNBC are subsidiaries of General Electric and that is controlled by Jeffrey Immelt, current chairman of the board and chief executive officer. His supporters control the board.

Also: Jeffrey R. Immelt

"..In February, 2009, Immelt was appointed as a member to the President's Economic Recovery Advisory Board to provide the president and his administration with advice and counsel in fixing America's economic downturn despite the fact that GE's stock has dropped nearly 80% since Immelt took over. [7]..."

I would not be surprised if Immelt eventually angles for a bailout of GE.

[decal]

“NBC and MSNBC are subsidiaries of General Electric and that is controlled by Jeffrey Immelt, current chairman of the board and chief executive officer...GE's stock has dropped nearly 80% since Immelt took over.”

Is his nickname “Pinch,” too?

[Ann Archy]

Jeff Immelt paid himself 32 MILLION DOLLARS last year!!

[Brookhaven]

“GE’s stock has dropped nearly 80% since Immelt took over.”

Maybe I just no longer understand how business works. If a stock drops 80% the board fires the guy in charge. If the board refuses to do it, the shareholders fire the board.

Are the large stockholders of GE just sitting around saying “Oh yea, we’re losing money and we’re so happy about it”? If I was in charge of a fund that had invested in GE stock I’d be calling for heads.