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| Jeffrey Immelt |
President Barack Obama has appointed Jeffrey Immelt, chief executive of General Electric Company to head the President's Council on Jobs and Competitiveness. The new White House board is aimed at finding ways to foster private-sector job growth and replaces an existing panel called the President's Economic Recovery Advisory Board, led by former Federal Reserve chairman Paul Volcker. The name of the new panel stresses competitiveness and job creation. Mr. Immelt also served on the previous panel. Mr. Volcker will not join the new council.
The board led by Mr. Volcker, an economist, was created with a two-year mandate that expires on February 6. It was charged with crafting the administration's response to the financial crisis. Today, President Obama and Mr. Immelt are scheduled to tour the GE plant in Schenectady, N.Y., home to the company's largest energy division and the future home of GE's advanced battery manufacturing facility. (
WSJ, 1/21/2010)
Most of Jeff Immelt's job creation at GE are off shore not in the US.
ReplyDeleteWhy choose a major outsourcer to be the country's chief insourcer?