was on the scene in SLC for General Electric's annual shareholders meeting. Yet the real news of the meeting was the news outside the meeting, as protestors, on the left and on the right, converged out front of the Salt Palace,
Tom Borelli, director of the National Center for Public Policy Research, a conservative group, recalled GE's strong support for "cap and tax" legislation--legislation that would have raised taxes on ordinary Americans but provided windfall profits to GE. Borelli said that GE under the leadership of CEO Jeff Immelt is taking, "Tony Soprano approach to business. It wants to use government to break the legs of the fossil-fuel industry to sell the products it wants." That is, use the Obama administration to clear the way for "green jobs." The jobs are mostly fake, as we have seen, but the profits to GE would be real enough.
So Immelt is the capo de tutti capi of corporate America. Sounds about right.