Hi,
I have met Mr. Immelt on two occasions, very briefly, as GE was a client of mine for several years. I will refrain from telling you my feeling about him personally, but the fact that he told MSNBC to lay off of criticizing BO reeks to me. If there ever was a company that was the epitome of capitalism it is GE. They know how to compete in a competitive marketplace and win, plain and simple. In addition, I worked for well over 40 of the top 500 US corporations for over 30 years and GE by far was the most EEOC compliant, non discriminatory corporation I have ever seen. I literally know hundreds of GE executives who each year would donate several days of their time pounding nails, carrying bags of cement, etc. for Habitat for Humanity. That was just part of their culture.
If Mr. Immelt did tell MSNBC to lay off, were I to GUESS, and that is exactly what I am doing.....he was probably threatened by the government. Recall that the bailout bill had a provision that any company that took bailout money could not speak out against the check card system the union uses to intimidate voters. Seems to me that this government is already establishing a track record of playing real hard ball with a lot of US corporations. One can only imagine what kind of threats BO and friends had in store for GE.
It is one of those things that Immelt could never go public with but the fact that he was supposed to tell MSNBC to lay off BO seems very out of character for him.
regards,
5412
PS: I just sent out some feelers to old friends on this issue. Be interesting if they can reply and what they say. If nothing comes back, it will do nothing but further reinforce my suspicions.