
The Free Enterprise Project today is announcing a call to action against General Electric CEO Jeff Immelt for engaging in business activities that threaten liberty. In the spirit of the Tea Party rallies we are urging liberty-minded individuals to join us by signing our petition to Immelt.
Corruption corporatism lobbying and media bias are issues that came to light from an audio recording of GEs annual shareholder meeting by Tom Borelli Ph.D shareholder activist and director of The Free Enterprise Project. The recording generated nationwide headlines by exposing shareholder outrage.
As Bill OReilly reported April 23:
This is obviously a major story - when a powerful corporation which controls a major part of the American media may be using its power and the airwaves to influence politics in order to make money from government contracts OReilly said. That kind of corruption would make Watergate look small. We hope it is not true.
Because of the risk GE poses to liberty I recorded the shareholders meeting and shared a copy of the recording with Fox News. Its crucial for the public to understand that many shareholders are outraged over the leadership of CEO Jeff Immelt said Borelli. Since Immelt is failing his shareholders and undermining our free society I felt it was important that shareholder anger was not confined to a closed door meeting Borelli added.
For four years we have challenged corporate power at GE because of its implications on public policy and liberty. The possibility that GE is using its news division to influence public opinion to favor President Obama in the hope of gaining government contracts illustrates the threat of unchallenged corporate power said Borelli.
Recently news reports claim that journalists at CNBC - a unit of GEs news division - were asked to tone down comments that were perceived to be critical of President Obama. Rick Santelli a CNBC reporter made worldwide headlines by calling for tea parties to protest against government interference in the free market system.
GEs investment in green products such as wind turbines would benefit from Obamas proposed cap-and-trade legislation.
To pressure GEs board of directors The Free Enterprise Project is encouraging individuals to sign a petition to urge Immelt to make changes in the direction of the company.
The petition can be read and signed at
http://tw5.us/Qr .
The Free Enterprise Project is a program of the National Center for Public Policy Research a non-partisan free-market foundation established in 1982. For more information visit the National Center for Public Policy Researchs website at
www.nationalcenter.org or call (202) 543-4110.