345 times greater that median pay. And GE Layoffs Continue to happen. Why?

General Electric (GE), May 8. Proxy advisors recommend that shareholders vote against keeping KPMG as the firm’s accountant. This year, GE disclosed massive charges related to insurance operations and a need to put $15 billion into reserves over seven years, and said that the Securities and Exchange Commission is looking into its accounting. GE has already hinted that it may switch to a new auditor. Moreover, people will be looking at the compensation of new CEO Larry Culp, which is 345 times greater than the median pay of its quarter-million employees.

Maybe cut his pay and save some American workers their jobs? Naaa to easy and to morally correct

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Good riddance to the salaried losers who got laid off in Greenville last week. Maybe without their dead weight and obstruction we can finally build some turbines and start making money again.

Vote Trump. We did. Give billions of dollars to corporations all across america. We did. Then hire managers to eliminate 75 percent of middle class paid employees through attrition. We have. Pause. Now that corporations have been handed millions in tax free money .first hire 2 employees to replace the 1 middle class paid employee. Strip all benefits possible. Break the Unions back because as a corporation money is not generated by intelligent hard working employees ,it's now generated by free government money that can wait out the Unions demands for years .keep voting Republican you deserve it.

He earns a lot less than immelt who got you in this mess.

This is corporate America today. It's all about the CEO, top executives, board members , and big share holders getting filthy rich. They will drain the working class in order to enrich themselves. Cut wages, cut benefits, eliminate pensions, eliminate jobs, whatever it takes to maintain their extravagant income. CEO income is 345 times the median GE salary. That doesn't include stock bonuses that will be paid when the stock price per share increases.

I know that there have been layoffs among the salaried ranks at Greenville. I'm surprised that the hourly ranks have not been hit this year. At no time during my 28 years at Greenville have I seen less work in the shop. Many people have little or no work to do now. We hear that there will be more work soon, but I can't help wondering how long this can continue. Hope it improves soon.

The writing in definitely on the wall. I have no “inside” information but I believe Greenville will get hit again within the next few weeks. Too many sitting around either doing nothing or doing busy work that does not help the bottom line.

That is why Greenville and Schenectady are getting hit with more cuts very very very very sooonnnnnnn

Thread regarding General Electric Co. layoffs

345 times greater that median pay. And GE Layoffs Continue to happen. Why?

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