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11:12 AM on 10/14/2011
There have been CEOs that were loved by employees:

http://www.torah.org/features/firstperson/ceo.html
A CEO Who Lives By What's Right - Torah.org

"In this anxious hour of pink-slip dread, it is restoring to think of Aaron Feuerstein, a Massachusetts manufacturer who prizes his employees and risks profits on their behalf.

The CEO of Malden Mills, located in Lawrence, the 23rd poorest community in the country, stepped clear of the greedy stereotype of his kind in 1995 when, just before Christmas, his factory burned down. Rather than taking the insurance money and retiring or moving the plant to some Third World country, he promptly announced that he would rebuild. He gave bonuses to the help and paid them while they waited for the factory reopening.

Last Monday, this paragon of corporate virtue held a rally at the plant he inherited from his father. The idea was to kick off a campaign for Malden Mills's special product, Polartec, a light, warm fabric that is keeping U.S. Marines cozy in the grinding cold of Afghanistan. Sen. John Kerry hailed Malden Mills as a mill with soul and a mill with heart. Rep. Marty Meehan, the local congressman, saluted Feuerstein for sticking it out with his workers, and sticking it out in Lawrence.

Feuerstein has not had all the good fortune he may deserve..."
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vippy
Carpe Diem!
11:30 AM on 10/14/2011
Have you read this: http://www.webofdebt.com/
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11:35 AM on 10/14/2011
No, thanks for the link.
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Drew Sargent
Born-again human here
11:10 AM on 10/14/2011
No one but a fool bites the hand that feeds them. Many of us, outside of your castle, have known for a long time that you Emporer Immelt "are not wearing any clothes".
jwoww
$17 Trillion and Climbing, sorry kids
11:07 AM on 10/14/2011
Jeff - anyone who has a job these days should appreciate their employer. the alternative is not too pretty.
10:59 AM on 10/14/2011
Mr. Immelt is just another example of President Obama's poor choice of personnel and bad leadership. Mr. Immelt replaced Jack Welch (Neutron Jack) as CEO at General Electric. This name (Neutron Jack) was applied after the development of the neutron bomb which was intended to maximize the radiation burst, while minimizing blast damage (i. e., kill the people inside the buildings, while leaving the buildings intact). Mr. Welch was probably the single largest job destroyer in American corporate history. He was called Neutron Jack because it was said after he took over that only the buildings would remain (i. e., all the employees would be gone). A great job destroyer (like Mr. Immelt) lacks the DNA necessary to be a job creator.
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vippy
Carpe Diem!
11:21 AM on 10/14/2011
and yet people who support Obama don't see the fallacy of having this man on his job creation committee, who then turned around and shipped his medical supply unit from Wisconsin to Southeast Asia. Obama nor Immelt want to create jobs which was again evident with the trade bill he signed this week. Apparently, no one remembers that NAFTA and CAFTA killed the jobs here despite what they had promised. I just don't get it, why would anyone support Obama after all that is at hand.
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Julie Dahlman
Now a self employed, under
10:58 AM on 10/14/2011
Oxymoron to have this man as job czar??? a part of the problems Obama has with his base, how can we trust this man when he is surrounded by banksters and corporate mafia.

GE and the likes won't come back to America until they have so destroyed this countries infrastructure/commons/manufacturing base and we become a slave labor nation like the Communist China, like dictator countries in Africa and Asia. They partner with these dictators to loot the resources of that nation and dicators take the money and become more brutal dictators of the people. These corporate CEO should be ashamed of themselves not working in White House.
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gerald4
Author
11:43 AM on 10/14/2011
Unemployed US citizens should thank President Clinton who destroyed the US domestic industrial protection policies (Import Tariffs) with NAFTA, GATT, WTO, Most Favored Nation (MFN) status for China, Financial Services Modernizat­ion Act of 1999, H-1b visas, repeal of The Glass-Stea­gall Act, etc. while he was president.

These actions destroyed the opportunit­ies for US citizens to be employed, unless they were willing to work for the equivalent of Asian Wages, or maybe less than Asian wages so that US labor costs can compensate for the US EPA compliance costs of having jobs in the USA.

NAFTA was signed into law by President Bill Clinton on December 8, 1993 and he then started enforcing NAFTA on January 1, 1994.

To be fair, George Bush and most all of the elected Republican (and Democratic­) US Congressme­n and Senators were also in favor of NAFTA, so I guess the US workers were just sold out for lower cost consumer products.

The Democrats and the Republican­s want to continue NAFTA, WTO involvemen­t, and MFN (Most Favored Nation) status for China.

President Obama's new Free Trade Agreements with South Korea, Brazil, Columbia, and other recently industrial­ized that will export more manufactur­ing jobs from the USA to foreign countries.

I guess another few more million unemployed US citizens will not matter to President Obama!
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kenhamlett
10:41 AM on 10/14/2011
My guess would be that they tell him they like him, hoping that he won't export their positions abroad, as he has done with so many in the past. I am not a big fan of Mr. Immelt.
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Soc3947
Repeal Obama care because the IRS is corrupt
10:40 AM on 10/14/2011
The man who doubled mercury mining by calling it green....
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humanbeing-rick
Born in the USA 1947
10:29 AM on 10/14/2011
"our employees basically like us" - GE Executive Excess Chief
Sure they do, what else are they going to say, when their job depends upon it?
As they mutter and grumble epithets at him behind his back, is more like it.
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yoozum
I hate double standards.
10:23 AM on 10/14/2011
Why would their employees not like GE? This notion that 99% of Americans are being oppressed by their corporate employers is complete hogwash.
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humanbeing-rick
Born in the USA 1947
10:30 AM on 10/14/2011
It is an economic fact for American workers. Sad but true.
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Julie Dahlman
Now a self employed, under
11:07 AM on 10/14/2011
Are the Occupy Wall Street calling American corporations oppressor of American workers? What are these corporations doing abroad? following the rule of laws in Communist China and Dictatorial nations where there are no human rights, no wage laws, no safety regulations in the work place? Haven't we fought how man wars against tyranny and aristocratic rule starting with American Revolution getting our from under the rule of King of England and those aristocrats,WWI and WWII fighting the spread of communism, Korean War? Vietnam war, my generation's war whereby how many American service men and women were killed in the name of stopping the flight of communism. Now Coke and GE and the likes are in bed with Communist China and Dictators around the world so they can pillage the land to get the resources of that nation and pay off the dictators and offer slave wages to the people. There are many, many good patriotic corporations that still believe in the values of America.
PROGRESSISGOOD
Without Economic Justice, There Is No Justice!
10:21 AM on 10/14/2011
The multi-national corporations pursuit of lowest labor costs and least regulations is a wholly expected result of the profit motive. They are required to pursue highest profits through our economic system. This "race to the bottom" for the lowest possible labor costs and the fewest regulations for safety and for consumer and environmental safety is what the Republicans want us to pursue in the U.S.

We can't deny we are in a globally competitive economy. So how do we deal with the race to the bottom? I suggest that we have a race to the top. We need global standards for labor, health and safety, environmental and consumer protections. We need to force the multi-national corporations to pay in taxes or tarriffs the money they save by operating in a country that does not meet those standards.

When we have global standards then Adam Smith's economic theories won't be distorted by exploitation of workers, consumers or the environment.
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Chaotician101
10:15 AM on 10/14/2011
Immelt also has a financial division called GE Capital which is one of the most predatory businesses on the planet! GE Money for example preys on the elderly, the poor, and the unwary using medical devices such as Hearing Aids as the hook to ensnare its victims! With hidden "introductory" periods and retroactive penalties of interest and usury rates that kick in for failure to pay the "loan" within the unknown introductory period; this company is one of the worse of the examples of corporate greed, racketeering made legal by corrupt politicians, judges, and lawyers... and Mr Immelt is proud of this organization whose only function is to defraud its customers!