GE X-ray Division Move Message Needs Clarification To Have Credibility

Thanks to a subscriber to ReturnToExcellence.net for sending the note "more news which you may know already" along with the following message (e-Rumor) making the rounds on the internet that blackballs General Electric & their CEO Jeffrey Immelt.  Naturally I checked it out before posting it to you & the e-Rumor is basically true but does require the five clarifying points I highlight after the message below to bring it credibility.

 

---e-Rumor---

 

Keep your eye on Waukesha, Wisconsin ......Their biggest employer just moved out. Thanks Jeff, you're a "real" American....give Barack our Best !! General Electric is planning to move its 115-year-old X-ray division from Waukesha, WI, to Beijing. In addition to moving the headquarters, the company will invest $2 billion in China and train more than 65 engineers and create six research centers. This is the same GE that made $5.1 billion in the United States last year. but paid no taxes - the same company that employs more people overseas than it does in the United States.

 

So let me get this straight. the President appointed GE CEO Chairman Jeff Immelt to head his commission on job creation (job czar). Immelt is supposed to help create jobs. I guess the President forgot to tell him in which country he was supposed to be creating those jobs. If this doesn't show you the total lack of leadership of this President, I don't know what does. Soon, you all will understand that he has an agenda, this agenda is to remove the last super power from the world. He is getting very close.  Please pass this information to others.

 

Clarifying Points:

 

1.  GE Healthcare is moving its X-ray headquarters from Waukesha to Beijing.  The business unit had been headquartered in Waukesha since 1972, not 1896. The move will result in four management positions being moved to China (they may already be there), and will not result in any job cuts in Waukesha.  Company officials said the move will help GE focus on distributing products in China, as well as help them to train health care professionals in the Far East where the company is expanding to a new presence in China to respond to increased opportunities in the region.  Currently, the Wisconsin based X-Ray division oversees 820 employees world wide and has 150 employees in Wisconsin.

 

2.  The vice president and general manager @ GE Healthcare Global X-Ray, is relocating to Beijing from Waukesha, Wisconsin, along with several executives, including the chief financial officer and chief marketing officer.  Now these executives most assuredly have tremendous incomes compared to the overwhelming majority of Americans who never move more than a few miles from where they were born & concentrate more on their "time off" where they can spend time resenting the compensation of the type of people who will spend several years in China working 60 to 80 hours a week with no life whatsoever other than their jobs.

 

3.  GE CEO Jeffrey Immelt was appointed by BO to be the Chairman of the 26 member Jobs & Competitive Council & as you can see from the e-Rumor above Immelt has taken a lot of heat for moves like this Waukesha to Beijing move while Americans continue to lose jobs or find substandard work.  Immelt is doing his job as CEO of GE with this X-ray division move.  The question is why do we even have a government Jobs & Competitive Council?

 

4.  Bellyaching about the number of overseas GE employees will not make Americans any more prepared to participate in the global economy.  Neither will the economic illiterate repetition that GE did not pay any income taxes regardless of how many billions of dollars the company made.  Corporations do not pay income taxes – only people do whether they be consumers, employees, or shareholders.  Think of the business equation: Revenue – Expenses = Profit.  If corporate income tax is added or raised the consumer will pay it if prices can be raised, or the employees will pay it through layoffs or no raises, or the shareholders will pay it if the first two cannot.  The alternative is the company goes out of business in which case everyone loses.  In no case does the corporation pay this tax – they just pass it on.

 

5.  Finally the writer of the subject message hits on the point worth discussing when he says that BO has an agenda to remove America as the last superpower in the world.  Neither Jon Voight nor I could have said it clearer.  It is the other misinformation in his message that requires clarification to bring credibility to it before he recommends that recipients pass it on to others. 

 

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