GE moving X-ray business to China
“A handful’’ of top managers will move to the Chinese capital and there won’t be any job cuts, said Anne LeGrand, general manager of X-ray for GE Healthcare. The headquarters will move from Wisconsin amid a broader plan to invest about $2 billion across China, including opening six “customer innovation’’ and development centers.
The division should have “double-digit’’ growth rates as the country converts from film and analog to digital X-ray technology, LeGrand said.
GE was founded in Schenectady, New York (1892) by Thomas Edison, Elihu Thomson, Edwin J. Houston and Charles A. Coffin. I wonder if they are rolling in their graves seeing how anti - American GE has become.
In 2004, GE was named number one company for employers and employees on the Forbes 500 Global Player list.Over the years, GE has received several awards honoring them for their accomplishments, values and reputation:
In Fortune Magazine's 2005 "Global Most Admired Companies" list, GE ranked first overall. (February 2005)In Fortune Magazine's 2006 "America's Most Admired Companies" list, GE ranked first overall. (March 2006)] GE was named to the Dow Jones Sustainability World Index as one of the world's leaders in environmental, social and economic programs.GE ranked ninth on Fortune Magazine's "50 Most Desirable MBA Employers" list. (April 2004)
General Electric had a tax benefit of $3.2 billion. This same article also pointed out that despite their continually diminishing tax liability.In the 1950s, almost a third of federal tax receipts came from corporations. Today, that’s been whittled down to 6.6 percent U.S. corporations, global tax games. Since the 1990's, GE has laid off one-fifth of their American workers since 2002. GE has a history of some of its activities giving rise to Argo-scale air and water pollution. Based on year 2000 data, researchers at the Political Economy Research Institute listed the corporation as the fourth-largest corporate producer of air pollution in the United States, with more than 4.4 million pounds per year (2,000 Tonnes) of toxic chemicals released into the air. GE has also been implicated in the creation of toxic waste. According to EPA documents, only the United States Government, Honeywell, and Chevron Corporation are responsible for producing more Superfund toxic waste sites.In 1983, New York State Attorney General Robert Abrams filed suit in the United States District Court for the Northern District of New York to compel GE to pay for the cleanup of what was claimed to be more than 100,000 tons of chemicals dumped (legally, at the time) from their plant in Waterford. In 1999, the company agreed to pay a $250 million settlement in connection with claims it polluted the Houston River and other sites with poly chlorinated biphenyls (PCBs) and other hazardous substances.]From approximately 1947 to 1977, GE discharged as much as 1.3 million pounds of PCBs from its capacitor manufacturing plants at the Hudson Falls and Fort Edward facilities into the Hudson River. GE fought a media and political battle to avoid cleaning up the river and countered that dredging the river
would actually stir up PCBs.In 2002, GE was ordered to clean up a 40-mile (64 km) stretch of the Hudson River it had contaminated.In 2003, acting on concerns that the plan proposed by GE did not "provide for adequate protection of public health and the environment," the United States Environmental Protection Agency issued a unilateral administrative order for the company to "address cleanup at the GE site" in Rome, Georgia, also contaminated with PCBs. The reactors involved in the 2011 crisis at Fukushima I in
Japan are GE designs, and the architectural design were done by Ebasco, formerly owned by GE. Concerns over the design of these reactors was raised as early as 1975.Environmental initiatives In May 2005 GE announced the launch of a program called "Ecomagination," intended, in the words of CEO Jeff
Immelt "to develop tomorrow's solutions such as solar energy, hybrid locomotives, fuel cells, lower-emission aircraft engines, lighter and stronger durable materials, efficient lighting, and water purification technology,
Legal issuesOn August 4, 2009 the SEC fined General Electric $50 million for breaking accounting rules in two separate cases, misleading investors into believing GE would meet or beat earnings expectations.
Brand GE has the fourth most recognized brand in the world, worth almost $48 billion.
Revenue US$ 104.635 billion (2010)
Operating income US$ 15.166 billion (2010)
Net income US$ 12.163 billion (2010)
Total assets US$ 751.216 billion (2010)
Total equity US$ 124.198 billion (2010)
Employees 287,000 (2010)
Subsidiaries GE Energy
GE Technology Infrastructure
GE Home & Business Solutions
Total Cost of Wars Since 2001 $1,196,653,279,647 and more.
Of the 500 big companies in the well-known Standard & Poor’s stock index, 115 paid a total corporate tax rate — both federal and otherwise — of less than 20 percent over the last five years, according to an analysis of company reports done for The New York Times by Capital IQ, a research firm. Thirty-nine of those companies paid a rate less than 10 percent"
Outsourcing Americans Jobs
"The annual almanac of the outsourcing and offshoring industry, Plunkett’s Outsourcing & Offshoring Industry Almanac 2010, estimates that this was a $500 billion global industry in 2009 that involved more than 350 prominent organizations operating in 61 distinct industry groups.1 Study after study—many of them by consulting firms that specialize in outsourcing—finds that up to half of corporations have already sent or are planning to send jobs overseas. Hundreds of thousands of American jobs are lost each year as a result, and working conditions and pay for workers around the world are driven down by corporations’ relentless drive for cheaper labor."
Outsourcing American Manufacturing.
The outsourcing of American manufacturing has put a damper on our state budgets...Every time a factory closes, it reduces revenue going to the state, and ultimately causes deficits. In the last ten years 2001-2011 the United States has lost 58,000 factories.
ARE GOING TO LET THE WEALTHY BUY THE WHITE HOUSE
What is Americans Elect?
Thank God the majority of people will have a direct voice bi-passing the controlled system that guarantees wealthy politicians the White House. All have heard "top of the food chain?" Well there maybe a change in the dominate species that had been devouring everything for themselves.