Why does Jeff Immelt have a job?
GE chief warns on US depression threat
The US economy is suffering its steepest downturn since at least the 1970s and could descend into a depression, Jeff Immelt, General Electric’s chief executive, warned on Thursday.
I can't figure out why this guy has a job. Clearly his board does not believe in his management, within the last six months they dumped a net of 199,257 shares of GE stock, and before that they dumped a net of 525,891,000 shares.
Marie Antoinette speaks out about the need to cut your nursing home care
Digby has Andrea Mitchell's latest embarassment:
Andrea Mitchell: It does go beyond rhetoric. He needs to engage the American people in this joint venture. That's part of the call. That's part of what he needs to accomplish in his spech and in the days following the speech. He needs to make people feel that this is their venture as well and that people are going to need to be more patient and have to contribute and that there will have to be some sacrifice.
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