GE continues down its destructive path

first_imgCategories: Letters to the Editor, Opinion Re Dec. 8 article, “GE to slash 12,000 jobs”: GE brings ‘bad’ things to life. GE’s announcement for massive layoffs for salaried and hourly employees, all under the pretext that the company needs to redirect, is ludicrous. After mismanaging the company and destroying the stock price, former CEO Jeff Immelt’s compensation package is in excess of $26 million. GE sure does provide a hefty bonus package for bad performance.The new CEO, John Flannery, promises to get GE back on track. That is hard to believe, seeing as he led the acquisition of Alstom, the largest industrial acquisition and shrinking of GE Capital with massive layoffs and closing of divisions. We can be sure of two things concerning GE: more cutting out hard-working individuals and higher compensation for Flannery and his team. Jose Fernandez GlenvilleMore from The Daily Gazette:Foss: Should main downtown branch of the Schenectady County Public Library reopen?EDITORIAL: Thruway tax unfair to working motoristsEDITORIAL: Find a way to get family members into nursing homesEDITORIAL: Urgent: Today is the last day to complete the censusEDITORIAL: Beware of voter intimidationlast_img read more