A crowd of 100 protesters, some from New York City’s Occupy Wall Street movement and others from Occupy New Haven, came together in a show of solidarity on Saturday afternoon on General Electric CEO Jeff Immelt’s front lawn in New Canaan, Connecticut.
“[General Electric is] an enormously successful company that pays no income taxes. We felt it was important for someone like Jeff Immelt to hear from people who are struggling in this economy,” said Jon Green, director of the Connecticut Working Families Party.
Many of those who came from New York were responding to an invitation posted on Occupy Wall Street’s General Assembly web site that read: “In the land of the free they tax me but not G.E!” It continues, saying: “ General Electric made billions last year; they paid no taxes, outsourced thousands of jobs, and got over $3 billion in tax refunds!”
Immelt reportedly earned $20 million in 2010. Despite his compensation, General Electric continued to shed jobs. According to an ABCNews.com analysis, General Electric has let go more than 19,000 workers since 2008.
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Posted by fourbluehills | October 24, 2011, 6:13 AM