WHITE HOUSE TO TAP HEAD OF SPRAWLING, LUMBERING BUREAUCRACY TO HELP JUMPSTART NATION’S ECONOMY
If I were a G.E. shareholder, I’m not sure I’d have a lot of confidence that my CEO (or any CEO) could adequately balance the time demands -not to mention the conflicts of interest-inherent in trying to maximize wealth for my shareholders while at the same time chairing a board tasked with advising the White House on ways to improve the country’s economic performance generally. As a voter and a taxpayer, I know I don’t have a lot of confidence. . . .
One Response to “WHITE HOUSE TO TAP HEAD OF SPRAWLING, LUMBERING BUREAUCRACY TO HELP JUMPSTART NATION’S ECONOMY”
At least it is someone with real corporate experience as opposed to another ivory tower sort. Jeff hasn’t done much for the GE shareholders since he took over. But one could argue that Jack left the cupboard pretty bare and left the company too reliant on the one time gains from GE Capital.
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