General Electric

Ethics Dunce: NBC

/ Jack Marshall / 13 Comments

An Ethics Dunce, in ten easy steps

  1. General Electric Co. earned $14.2 billion in worldwide profits last year, including $5.1 billion in the United States, and paid exactly zero dollars in federal taxes.
  2. This especially interesting because Jeffrey Immelt, G.E’s CEO, is also the Obama’s administration’s link to corporate America.
  3. The story was widely reported by the New York Times, The Washington Post, the Wall Street Journal, USA Today, ABC, CBS, Fox, CNN, and thousands of lesser media outlets.
  4. NBC is owned by General Electric.
  5. NBC could not find room in its news broadcasts for the tax story. Continue reading →

Eroding Public Trust: Obama and General Electric’s “Appearance of Impropriety”

/ Jack Marshall / 2 Comments

The fact that an official act appears to be sensible and fair does not necessarily mean that it is ethical.

Consider the EPA’s waiver of the new global warming regulations for a stalled power plant project in California. Officials reviewed EPA policies and decided it was appropriate to “grandfather” projects such as the Avenal Power Center, a proposed 600-megawatt power plant in the San Joaquin Valley, and thus exempt them from new federal limits on greenhouse gases and conventional air pollution. The Avenal Energy project, explains Environment and Energy News, is a combined-cycle generating plant consisting of two natural gas-fired General Electric 7FA Gas Turbines with Heat Recovery Steam Generators (HRSG) and one General Electric Steam Turbine.

Translation: It is a huge G.E. contract.

Hmmmm. Continue reading →

It’s Ethics Dunce vs Ethics Dunce, as the DNC Condemns Fox For Not Giving Most Of Its PAC Money To Democrats, Like Objective Media Companies Do

/ Jack Marshall / 2 Comments

It took multilateral stupidity and hypocrisy to do it, but at least the issue is out in the open. The issue is whether media companies who cover politics under the guise of being objective should be giving large campaign checks to the political parties, especially when they give more to one party than another. Does the arm’s length relationship essential to objective reporting survive six and seven-figure donations? At very least, should media companies be required to make their political contribution choices very public?

This issue was raised in the wake of the parent corporation of Fox News, News Corporation, foolishly giving a whopping $1 million to the Republican Governors Association. This over-shadowed any amount the company has contributed though its political action committee to Democratic groups or causes, so the Democratic National Committee pounced, saying snidely:

“‘Fair and Balanced’ has been rendered utterly meaningless. Any pretense that may have existed about the ties between Fox News and the Republican Party has been ripped violently away. No Republican who appears on Fox can be seen as answering to an independent press and all should appear with a disclaimer for who they truly are – the favored candidate of the corporate-friendly network. No Fox News political coverage can be seen as impartial and all of it should have a disclaimer for what it truly is – partisan propaganda.” Continue reading →