Changes

Under both Welch's and Immelt's direction, GE shipped ''tens of thousands'' of good jobs outside the United States.<ref>[http://beforeitsnews.com/story/892/639/GE_CEO_Jeffrey_Immelt,_The_Head_Of_Obama_s_Jobs_Council,_Is_Moving_Jobs_And_Economic_Infrastructure_To_China_At_A_Blistering_Pace.html GE CEO Jeffrey Immelt, The Head Of Obama’s Jobs Council, Is Moving Jobs And Economic Infrastructure To China At A Blistering Pace, BeforeItsNews.com, August 1, 2011]</ref>  As Head Of Obama’s Jobs Council, Immelt guaranteed American joblessness would remain at the highest levels.

Under both Welch's and Immelt's direction, GE shipped ''tens of thousands'' of good jobs outside the United States.<ref>[http://beforeitsnews.com/story/892/639/GE_CEO_Jeffrey_Immelt,_The_Head_Of_Obama_s_Jobs_Council,_Is_Moving_Jobs_And_Economic_Infrastructure_To_China_At_A_Blistering_Pace.html GE CEO Jeffrey Immelt, The Head Of Obama’s Jobs Council, Is Moving Jobs And Economic Infrastructure To China At A Blistering Pace, BeforeItsNews.com, August 1, 2011]</ref>  As Head Of Obama’s Jobs Council, Immelt guaranteed American joblessness would remain at the highest levels.

Eventually, GE would sell its small appliance division to [[Black & Decker]] (known for power tools), its large appliance division to Haier, its legendary lighting business to Savant Systems, a majority stake in NBC Universal to Comcast (and would ultimately sell its minority stake to them as well), and its locomotive manufacturing operations to  

Eventually, GE would sell its small appliance division to [[Black & Decker]] (known for power tools), its large appliance division to Haier, its legendary lighting business to Savant Systems, a majority stake in NBC Universal to Comcast (and would ultimately sell its minority stake to them as well), its credit card businesses to Capital One, and its locomotive manufacturing operations to Wabtec (which does business as GE Transportation, having the rights to use the GE name and logo).

 

==Criticisms==

==Criticisms==