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Keyword: inmelt

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  • Jeffrey Immelt, the jobs czar from hell

    04/05/2011 7:55:53 AM PDT · by SmithL · 11 replies
    San Francisco Chronicle ^ | 4/5/11 | Debra J. Saunders
    The New York Times reported last month that General Electric earned $14.2 billion in international profits, including, $5.1 billion in the United States. Yet GE did not pay a dime in federal income taxes last year. Oddly, President Obama chose GE Chairman and Chief Executive Jeffrey Immelt to head his President's Council on Jobs and Competitiveness.According to the Associated Press, Immelt's compensation package doubled to $15.2 million last year, while this year GE is seeking major concessions from the unions that represent its shrinking American workforce. That makes Immelt the wrong guy for the job of jobs czar.Or as former...