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Wednesday, March 30, 2011

Immelt's GE Pays No Taxes, Doubles His Compensation

I knew that Jeffrey Immelt, General Electric CEO, was recently appointed as the head of the President’s Council on Jobs and Competiveness. And I knew that there's a lot of outrage recently about the fact that GE paid no American taxes in 2010. What I didn't know was that Immelt’s compensation doubled.

GE has also been a leader in greatly expanding its business all over the world while cutting American jobs.

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