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 →