Sunday, October 23, 2011

"Occupy Wall Street" protesters took a road trip to New Canaan, Conn. to pay a visit to the home of GE CEO Jeff Immelt and voice their displeasure over perceived corporate greed and job cuts. Over 100 protesters stood outside Mr. Immelts home yelling, "no jobs, no peace."


Mr. Immelt is said to have made more than $20 million in compensation from General Electric in 2010.  ($5 million base yearly salary) GE netted more than $14 million in global profits in 2011 and cut a reported 19,000 jobs in the U.S. since 2008.  Oh and GE didn't pay any federal income taxes in 2009 or 2010.


The protesters spent the afternoon at Immelt's 6-bedroom, 10-bathroom, $5.25 million home.


A spokesman for GE said the GE has produced 10,000 new jobs in the U.S. since 2009 and is currently building its 16th new factory.

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