“I want you to root for me. Look, every one in Germany roots for Siemens, everyone in Japan roots for Toshiba, everyone in China roots for China South Rail, I want you to say, win GE.”
~General Electric CEO Jeffrey Immelt
This sounds pretty brazen to the American ear. Liberal New York Times economics writer Paul Krugman calls it “Awesome cluelessness,” points out that corporate profits do not track societal wealth (I would add, especially in finance-heavy companies like GE), and that GE is only partly “an American company.”
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