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Obama-appointed CEO: Protesters should ‘root for me’

In an interview that aired Sunday, General Electric Chairman and Obama job czar Jeffrey Immelt told CBS’ Leslie Stahl that the notion that Americans were against big companies was “just wrong.” “I want you to root for me,” Immelt said. “Everybody in Japan roots for Toshiba. Everybody in China roots…

AP falls for hoax: General Electric is not donating $3.2 billion to the U.S. Treasury

Update (below): ‘The Yes Men’ take credit for stunt Through the use of legal tax shelters and benefits, General Electric (GE), the largest corporation in the world, was on track to pay approximately nothing in U.S. taxes on more than $14.2 billion in profits last year. Facing public outcry over…

Obama to name Intel CEO to White House jobs panel

WASHINGTON (Reuters) – Intel Corp Chief Executive Paul Otellini will be named to a panel of experts advising President Barack Obama on jobs, the White House said on Friday. Otellini will join the President’s Council on Jobs and Competitiveness, created in January to focus on lifting hiring and promoting growth.…

Obama taps General Electric chairman to lead economic council

President Barack Obama announced Friday that General Electric (GE) Chairman and CEO Jeffrey Immelt will chair the President’s Council on Jobs and Competitiveness. The new council was to replace the Economic Recovery Advisory Board headed by Paul Volcker. In making his announcement, Obama said Volcker’s panel had pulled the economy…

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