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Protesters from the populist "99 Percent" movement disrupted GE's (GE) shareholder meeting...

Protesters from the populist "99 Percent" movement disrupted GE's (GE) shareholder meeting yesterday in an attack on the firm's low tax rate. After the protesters were kicked out, CFO Keith Sherin defended GE's tax practices, noting low tax rates in '08-'09 stemmed from heavy losses at GE Capital.
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Comments (9)
  • slard271
    , contributor
    Comments (64) | Send Message
     
    Defending low tax rates via government bailouts? Seriously? Sickening.
    25 Apr 2012, 11:54 PM Reply Like
  • Jaayd
    , contributor
    Comments (51) | Send Message
     
    Losses are bailouts? Not sure I understand. Please explain, thanks.
    26 Apr 2012, 12:00 AM Reply Like
  • bonemant
    , contributor
    Comments (2) | Send Message
     
    GE never took any bailout TARP money - they just participated in the guaranteed bond program. You should probably do your homework before jumping on the band wagon.
    26 Apr 2012, 06:37 AM Reply Like
  • bonemant
    , contributor
    Comments (2) | Send Message
     
    GE never took any TARP money and only participated in the guaranteed bond program - which had nothing to do with bailouts. GE Cap is just one of the 4 major divisions encompassing 15 sub divisions so the company certainly generates income by employing lots of people. Need to do some homework and as the last person stated, I too do not understand how bailouts equate to losses.
    26 Apr 2012, 06:37 AM Reply Like
  • bernie 1
    , contributor
    Comments (569) | Send Message
     
    GE did everything all within the law. If you don't believe me ask there accountants & lawyers. I say don't crucify the company CHANGE THE LAW. Of course that's for everyone,including a Congress & President that will tell me what kind of health insurance I should have,but will use there own Federal insurance plan that is the best of the best.
    These very annoying 99 percenters don't like what business pays in taxes, but they don't like having to pay 3.68 % for a school loan to get there undergraduate degree. They are upset because they bought homes that they couldn't afford but didn't worry because they now have the government taking over their mortgages & keeping them like the children they are. Someone should tell them that by just putting on a uniform for a little while,they will get these benefits under a countries gratitude for service!
    It's really terrible that not one person in power asks these people to just show a little bit of responsibility in any action that they do in life.
    Bernie1
    26 Apr 2012, 06:54 AM Reply Like
  • Buyandhold 2012
    , contributor
    Comments (2968) | Send Message
     
    The 99 percenters are an extremely offensive group to me. My mother was a divorced teacher who never earned more than 24,000 a year, but managed to accumulate a stock portfolio worth millions by buying conservative dividend paying stocks and never selling them. She invested 50,000 in these stocks and today their value is in the multi-millions. The stock market is the easiest and safest and best way for the middle class and lower middle class to become rich.
    26 Apr 2012, 11:00 AM Reply Like
  • dendv
    , contributor
    Comments (316) | Send Message
     
    I agree with that you should change the law. How many businesses in this country do not take advantage of the loop holes the politicians buy votes with. We have more people in this country who does not want to take care of themselves. Tax the rich and show them the money. Let the government take care of them is their motto.
    26 Apr 2012, 02:58 PM Reply Like
  • sixstringsandrhyme
    , contributor
    Comments (4) | Send Message
     
    The 99%'ers are so politicized and silly, they miss underlying points almost entirely. I will fully admit that there are villains and cronies in corporate America, but what the "populist" group doesn't seem to get is that TRUE FREE MARKET CAPITALISTS hate them too. They DISRUPT the free market! Both Karl Marx AND Adam Smith agreed on the concept that you cannot/MUST not judge an economic system by the behavior of its participants and that's ALL that these "occupiers" are doing.

     

    I think everyone in our country should be FORCED to read a Basic Economics book in their third year of High School. I recommend Sowell's, but there are many that would do it.
    28 Apr 2012, 02:29 PM Reply Like
  • MSF INVESTMENTS
    , contributor
    Comments (4640) | Send Message
     
    6 percent dividend soon.
    30 Apr 2012, 09:38 AM Reply Like
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