Well here again a global workforce with only US workers taking the hit for past Corporate incompetence. And; only salary people being affected as the hourly employees union negotiated pension benefits into their contract. So at least another four years until the company goes after that take away. Maybe time to start a white collar union in US! Amazing that the company continues to slap US employees with compensation freezes, medical benefits reduction, layoffs and now pension freeze. Guess why... all the other countries have laws or guidelines in place preventing such actions.
So in 2001 Welch left the pension with $15B surplus and after Immelt years $23B underfunded... you do the math. Not much more to say... disgusting and Immelt needs to be held accountable.
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For the record Welch didn’t calculate anything it’s public record and audited. So it was fact! Must be an Immelt protege who seems not to get it! Good luck!
Clawbacks please
For the record, I do not trust anything Welch calculated
So in 2001 Welch left the pension with $15B surplus and after Immelt years $23B underfunded... you do the math. Not much more to say... disgusting and Immelt needs to be held accountable.
I wonder how long until Americans grow a pair and start demanding jail time for these thieves?
How much could Gas Power save by getting rid of the redundancy in VP, SEB’s etc. paying millions for what added-value. Every action impacting the middle class. Oh...forgot Strazik needs his support blankets.
When is Larry going to take a zero dollar salary? We know he is filthy rich already, Why does he need a salary if he is here to get rich off of GE stock prices?
Yup again if your a US worker how long are you going to hang in there? All your peers around the globe feeling no pain...