GE and Jeff Immelt: Buy labor low, sell product high, for God’s sake pay no taxes!
“Ideally we want our factories to be on barges so that we can take advantage of low wages anywhere in the world.”
And it was in following this great philosophy that’s helped Jeff strengthen GE by cutting 35,000 jobs in the United States and recreating them as 25,000 lower wage jobs overseas. So brilliant a move that President Obama tapped Jeff to Chair his Council on Job Creation in the U.S.!
Check out these related articles:
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>Obama Picks Jeffrey Immelt, GE CEO, To Run New Jobs-Focused Panel As GE Sends Jobs Overseas, Pays Little In Taxes
>GE’s $14.2 Billion Legal Tax Avoidance Further Sign of US Decay