General Electric CEO Jeff Immelt has a lot of nerve.
While he leads the President’s Council on Jobs and Competitiveness, at the same time GE competes with an unfair advantage over its competitors.
His company received billions in stimulus money to subsidize green energy and TARP money because GE Capital was treated as a “lender”.
While GE plans to cut jobs, Immelt recently delivered a speech to the U.S. Chamber of Commerce, lambasting fellow corporate CEOs for failing to hire.
Meanwhile, Immelt’s compensation doubled to $15 million dollars last year.
No wonder he could afford to yuk it up (Immelt is to Obama’s immediate right) when the president joked about “shovel ready” jobs funded by the stimulus, saying it turned out they were not shovel ready after all.
Then where in the hell did our tax dollars go?
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