http://online.wsj.com/article_email/SB10001424053111904772304576467873321597208-lMyQjAxMTAxMDIwNTEyNDUyWj.html
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"Big thinkers are specialists in creating positive forward-looking, optimistic pictures in their own minds and in the minds of others." (David J. Schwartz)
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So, Jeff Immelt is the CEO of GE and the Chairman of the President's Jobs Council. The "Jobs Council" was recently formed to figure out ways to create jobs here in the U.S.
Imagine my confusion upon reading that GE is moving its X-ray business headquarters to China. What a time for establishing GE's first business headquarters in China! GE says it doesn't expect the move to result in any job losses in the U.S. Somebody keep track of that statement.
This comes after GE's January announcement that it would inject much of its civilian avionics business into a 50-50 joint venture based in China.
Last year, GE invested a total of $2 billion in China, $500 million of which was allocated into "customer innovation centers."
Does anybody see an inconsistency between Jeff Immelt's role for the President and his role as CEO of GE?
Seriously.
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I wonder what China's entitlement system looks like. I wonder when China's citizens will enjoy the same living standard as America's citizens. I wonder if China will retain those jobs when citizens enjoy the same living standards as us.
ReplyDeleteToo many unknowns...
Immelt's move will help lower healthcare costs and increase consumer spending... eventually.
Those are great questions. As you know, there are those who think China's economy cannot sustain it's continued growth. And, I'm confused, isn't Immelt in charge of growing jobs in the U.S?
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