Judge Allows Suit Alleging GE Misled Investors

By | January 13, 2012

  • January 13, 2012 at 2:14 pm
    Amazed says:
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    Why am I not surprised about this? Jeffrey Immelt is the poster child for corporate corruption. GE Capital received a lot of TARP funds when they were in deep trouble over the sub prime mortgage fiasco. As Obama’s job Czar, he has moved whole divisions of GE to China thereby increasing unemployment in this country. It is amazing to me that stockholders haven’t demanded his head long before now. He is definitely part of the problem, not the solution.

    • January 17, 2012 at 11:43 am
      The Other Point of View says:
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      “As Obama’s job Czar, he has moved whole divisions of GE to China thereby increasing unemployment in this country. It is amazing to me that stockholders haven’t demanded his head long before now. He is definitely part of the problem, not the solution.”

      This statement amply demonstrates that you ought to be supportive of the OWS movement! Why would stockholders demand his head? Moving jobs offshore is exactly what the stockholders want because it reduces employment expenses and enhances the bottom line. This is how unregulated capitalism works and it’s one of the reasons why people took to the streets.

      You’re angry that he is moving jobs offshore and cutting opportunities for American workers? And if Obama and his administration did something to stop him, you would scream bloody murder, socialism and government interference.

      You can’t have it both ways.

  • January 13, 2012 at 5:09 pm
    Mike N says:
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    “A CEO is allowed to convince the public to invest in his company, but not at the expense of providing it with accurate information about the company’s financial health,”

    Given this statement, is there any wonder Immelt serves on Obama’s “jobs council”?

    • January 17, 2012 at 1:20 pm
      The Other Point of View says:
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      Mike N, what’s wrong with the statement you quoted?

      Are you suggesting it should be OK for CEO’s to convince the public to invest in the company, even if it means providing inaccurate information about the company’s financials?

      If that’s not what you are suggesting, then please let us all know what it is you find offensive about the statement, because to me, and anyone else investing in a company, accuracy in the company’s financials is essential.

      • January 17, 2012 at 4:35 pm
        AZ Ins Man says:
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        OPV,
        just admit it. You love this idiot in the White House?

        Jimmy Carter on STEROIDS. If he had an idea, he would be dangerous. Now, he would like another trillion for “jobs”, after three years of horendous unemployment and more coming. The seasonal improvement during NOV and DEC mean nothing. January showed that.
        This administration is a disaster. This guy never had a job, HOW would he know how to create one? Was history not a subject at Harvard or Occidental or wherever this guy allegedly attended college? Read a history book and you would clearly know that growing the govt screws the economy and the public.

        whining liberal…

        • January 18, 2012 at 9:01 am
          The Other Point of View says:
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          So, instead of ansering my question, you attack me and the President.

          What is wrong with you?

          What is wrong with the statement made by Mr. Immelt? Maybe you would like to answer.

          The problem with people like you is that no matter what Obama or anyone in his administration says, you think it’s wrong. If Obama found the cure for cancer, you would accuse him of putting oncologists out of work.

          The problem with our country is attitudes like yours. Why can’t you admit what the Department of Labor has posted on its website, and what has been reported in every major news outlet…that the country has added jobs every month for the past 21 months. Unemployment remains high because when he took office, we were losing 700,000 jobs per month thanks to the previous administration’s policies. It took eight years to dig the hole we are in. Really, what is wrong with you that you are so blind to reality?

          • January 18, 2012 at 4:06 pm
            AZ Ins Man says:
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            Why is it that you can not learn from your mistakes? Carter did exactly what Obama is doing and it took 4+ years to go no where.
            Obama keeps throwing govt money at a problem that can only be solved by private company expansion and investment.
            Liberals want the govt to provide, but someone has to produce!
            Wake up and start producing something.

  • January 18, 2012 at 3:09 pm
    CT Agent says:
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    Let’s not forget that our current government has still not presented us with a budget. He has been in office for over 3 years and we still have no budget, yet he’s asked for a $1.2TRILLION dollar increase to the debt ceiling to ‘create jobs’? This man is a walking JOKE!!!

  • January 19, 2012 at 11:59 am
    The Other Point of View says:
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    That’s right. Ignore the question. What is wrong with Jeffrey Immelt’s statement?

    The truth is you criticize him for making it but you can’t say what’s worng with it because there is nothing wrond with whathe said.

    Instead, you rant and rave about Jimmy Carter!

  • January 20, 2012 at 1:59 pm
    AZ Ins Man says:
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    OP
    what?

    What are you talking about? What who said about what? I am talking about a president who NEVER had a job, Never made a payroll, was never ON a payroll etc. So, how in the world would he know HOW to CREATE a job?

    You keep blindly supporting this incompetent politician and keep listening to him lie to you. He should not need a teleprompter to lie!



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