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1883
Emil Moritz Rathenau founds Deutsche Edison-Gesellschaft für angewandte
Elektrizität in Berlin, which becomes Allgemeine
Elektrizitäts-Gesellschaft (AEG) in 1887.
Emil Rathenau, father of
Walther Rathenau,
was born in Berlin, into a wealthy Jewish
merchant family based on
Viktoriastrasse by the Tiergarten.
1889 Drexel,
Morgan & Co., a company founded by JP Morgan and Anthony J. Drexel,
finances the research of Thomas Alva
Edison.
1892 General
Electric is formed through the merger of Edison General Electric
Company of Schenectady, New York, and Thomson-Houston Electric
Company of Lynn, Massachusetts, with the support of Drexel, Morgan &
Co.
1896 General Electric is one of the original
12 companies listed on the newly formed Dow Jones Industrial
Average.
GE is dominated by Pilgrim Society members
throught the 20th century.
1909 General Electric trademarks the name Mazda™ for the
tungsten filament light bulb.
Mazda™ is used from 1909 through 1945
in the US by GE and Westinghouse.
Mazda™ brand light bulbs were made for decades after 1945 outside the
US.
The company chose the name due to its
association with
Ahura Mazda, the transcendental
and universal God of Zoroastrianism whose name means
Lumière Infinie
in the Avestan language.
1911 General Electric
absorbs the National Electric Lamp Association.
1919
Radio Corporation of America founded by
General
Electric.
Osram is founded by the merger of the
lighting businesses of Auergesellschaft, Siemens & Halske and Allgemeine
Elektrizitäts-Gesellschaft.
January 15, 1925
Phoebus Cartel founded to control the manufacture and sale of incandescent
light bulbs.
Increasing international competition led to negotiations
between all the major companies to control and restrict their respective
activities in order not to interfere in each other's spheres.
The
Phoebus Cartel included manufacturers Osram, General Electric, Associated
Electrical Industries, Tungsram, Compagnie des Lampes, and
Philips.
Phoebus Cartel creates a notable landmark in the history of the
global economy as it engaged in
large-scale planned
obsolescence to generate repeated sales and maximize profit.
1953 General Electric
Theater debuts, sponsored by GE's Department of Public Relations
Services.
November
1954 General
Electric Department of Public Relations Services sends Ronald Reagan
to twelve cities with GE plants to
promote the program idea
and further his identity as GE spokesman.
1962
General Electric
Theater Ronald Reagan has visited 135 research and manufacturing
facilities, and has met some 250,000 individuals.
The tour provided a
platform for Ronald Reagan to sharpen his rhetorical skill.
Connections
made at this time give him the foundation to run for President.
1986
General Electric reacquires
RCA, primarily for the
NBC television
network.
2004 General Electric purchases
Vivendi's television and movie assets to become the third largest media
amalgamation in the world.
The new corporation is named NBC Universal.
The divisions of
General Electric include GE Capital, GE
Technology Infrastructure, GE Energy Infrastructure, GE Consumer &
Industrial and NBC Universal.
NBC
Universal includes: NBC Network Television stations which are WNBC - New
York, KNBC - Los Angeles, WMAQ - Chicago, WCAU -
Philadelphia,
KNTV - San Jose/San Francisco, KXAS - Dallas/Fort Worth, WRC - Washington, WTVJ
- Miami, KNSD - San Diego, WVIT - Hartford; NBC News; NBC Sports; NBC Studios;
NBC Universal Television; Universal Media Studios; NBC Universal Television
Distribution; NBC Universal International Television.
NBC Universal Cable includes the A&E Television Networks
which consist of A&E, The Biography Channel,
The History Channel, History Channel International, The
History Channel en Español, Military History Channel,
Crime & Investigation Network, Bravo, Chiller,
CNBC & CNBC World (co-owned with
Dow Jones),
MSNBC (co-owned with Microsoft), NBC WeatherPlus, mun2,
Sci Fi Channel, ShopNBC, The Sundance Channel,
Sleuth, USA Network, Universal HD, The Weather Channel,
WeatherPlus.
NBC Universal Global
Networks include LAPTV (Latin America) - co-owned with Paramount
Pictures (Viacom), Metro-Goldwyn-Mayer (owned by MGM Holdings) and 20th Century
Fox (News Corp); Telecine
(Brazil) -
co-owned with Globosat Canais, Paramount Pictures, DreamWorks (Viacom), MGM and
20th Century Fox Film
Corporation; Universal Channel Latin America (except Brazil); Universal
Channel Brazil (co-owned with Globosat Canais); Sci Fi Channel Latin America;
NBC Universal Global Networks España.
Telemundo which includes KVEA/KWHY - Los Angeles, WNJU - New
York, WSCV - Miami, KTMD - Houston, WSNS - Chicago, KXTX - Dallas/Fort Worth,
KVDA - San Antonio, KSTS - San Jose/San Francisco, KTAZ - Phoenix, KBLR - Las
Vegas, KNSO - Fresno, KDEN - Longmont, Colorado, WNEU - Boston/Merrimack, KHRR
- Tucson, WKAQ - Puerto Rico, TiVo.
Universal Studios (co-owned with Vivendi), Universal Pictures,
Focus Features, Rogue Pictures, Working Title Films, Universal Studios
Licensing, Universal Animation Studios, Universal Interactive, Universal
Pictures International, Universal Home Entertainment, Universal Home
Entertainment Productions, United International Pictures (co-owned with
Paramount Pictures/Viacom); Universal Operations Group, Universal Production
Studios, Universal Parks & Resorts, qubo - Qubo Venture
LLC
"Despite a volatile environment, our fundamentals
remain very strong."
Jeffery Immelt
"Does anyone really believe that GE "brings good
things to life?"
Charles Eisenstein John
Francis "Jack" Welch, Jr. was Chairman and CEO of
General
Electric between 1981 and 2001.
In 1980, the year before Jack Welch
became CEO, GE recorded revenues of roughly $26.8 billion; in 2000, the year
before he left, revenues were nearly $130 billion.
When Jack Welch left
GE had gone from a market
value of $14 billion to one of more than $410 billion at the end of 2004,
making it the most valuable and largest on Earth.
Jack F. Welch had a
record salary of $94 million a
year, followed by his record
retirement plan of $8 million a year not including perks such as the use of the
corporate jet.
GE Moves To Cut Back Its Private Jets
An Extra Private Jet Following His Private Jet Just In
Case
The full story behind GE's fleet of private jets
127-year journey from cutting-edge American icon to fraud
March 27, 1990: Wilmington, North
Carolina: GE fined $20,000 for
discrimination against
employees who reported safety violations.
July 27, 1990:
Philadelphia, Pennsylvania: GE fined $30
million for defrauding government in defense contracts.
October
11,1990: Waterford, New York: GE fined $176,000 for pollution at silicone
products plant.
May 20,1991: Washington, D.C.: GE ordered to pay $1
million in damages over improperly tested aircraft parts for air force and
navy.
February 27, 1992: Allentown, Pennsylvania: GE ordered to pay $80
million in damages for design flaws in nuclear plants.
March 4,1992:
Orange County, California: GE fined $11,000 for violating worker safety rules
on handling PCBs.
March
13, 1992: Wilmington, North Carolina: GE fined $20,000 for safety violations at
nuclear fuel plant.
May 22, 1992: Illinois: GE ordered to pay $65
million in damages for design flaws in
nuclear plants.
July 22,1992: Washington, D.C.: GE fined $70
million for money laundering and
fraud related to the illegal sale of fighter jets to Israel.
September
13, 1992: Chicago, Illinois: GE ordered to pay $1.8 million in damages for an
airplane crash.
October 12, 1992: Nashville, Tennessee: GE ordered to
pay $165,000 in damages for deceptive advertising of light
bulbs.
October 27, 1992: Washington, D.C.: GE ordered to pay $576,215 in
damages for overcharging on defense contracts.
May 12, 1992:
Washington, D.C.: GE ordered to pay $13.4 million in damages to
whistleblower on illegal
sale of fighter jets to Israel.
March 2, 1993:
Riverside, California: GE and others ordered to pay $96 million in damages for
contamination from dumping
of chemicals.
September 16, 1993: New York: GE ordered to compensate
commercial fisherman $7 million for PCB
contamination of the Hudson
River.
October 11, 1993: San Francisco, California: GE ordered to offer
$3.25 million in rebates to consumers after
deceptive advertising of
light bulbs.
February 2,1994: Perry, Ohio: GE settles with utility
companies on defective Perry Nuclear Plant.
March 14, 1994: Fort
Edward, New York: GE ordered to clean up contamination of sediment in the
Hudson River.
September 14, 1994: Washington, D.C.: GE fined $20
million for overcharges on defense contracts.
September 2,1995:
Waterford, New York: GE fined $1.5 million for
air pollution and contamination of
Hudson River.
September 15, 1995: Brandon, Florida: GE fined $137,000
for groundwater contamination.
September 9, 1996: Waterford, New York:
GE fined $60,000 for Clean Air Act
violations.
October 7, 1996: Hendersonville, North Carolina: GE
ordered to clean up contaminated soil and groundwater contamination.
October 8, 1996: Cook County, Illinois: GE ordered to pay $15 million
as settlement for airline crash in Sioux
City, Iowa.
February 22, 1997: Somersworth, New Hampshire: GE and
others ordered to clean up contamination of
groundwater and public water supply.
February 1998: Waterford, New York: GE fined $234,000 for pollution
violations.
April 20, 1998: Waterford, New York: GE fined $204,000 for
pollution violations.
October 1998: United Kingdom: GE ordered to pay
£2 billion for
asbestos
cleanup and related pollution claims.
January 24, 1999: Chicago,
Illinois: GE ordered to reimburse consumers $147 million for unfair
debt collection practices.
September 17, 1999: Moreau, New York: GE ordered to build
drinking water system after PCB
contamination of
water supply.
October 9, 1999:
Pittsfield, Massachusetts: GE ordered to clean up PCB pollution in Housatonic
River.
October 18, 2000: New York, New York: GE and others ordered to
clean up contamination of
soil.
January 2001: New York: GE and others ordered to refund $4
million in overcharges on mortgage insurance.
2005 23 US Senators and 79
United States Represenatives owned stock in
General
Electric
This is the main reason that the corporate
plutocracy continues to complain
about those 'activist judges'. Without those 'activist judges' General Electric
would have far less fines to pay and would have had at least $2,529,553,215
more profit between 1990 and 2001 as well as smaller lawyer bills.
(Some
fines may have been or may be reduced or overturned on
appeal.)
1996
Ameriquest settles charges of
preditory lending
practices with Justice Department for $4 million.
Archer Daniels Midland pays $100 million
in fines for the lysine price-fixing case and
several executives are
imprisoned.
Lysine makes chickens fat, dumb, and
happy.
Ajinimoto
and Kyowa Hakko Kogyo of Japan, and Sewon Corporation and Cheil Jedung of Korea
with Archer Daniels Midland form a cartel to
restrict production of
lysine to boost the market price.
Archer Daniels Midland
violates the Sherman Antitrust Act of 1890 by fixing the price of three
commodities - lysine, citric acid, high
fructose corn syrup - in the late 1980's and early 1990's.
1998 Bank of America pays $187.5 million to settle
charges that it illegally kept unclaimed bond proceeds from the state of
California and more than 1,000 cities, counties and public agencies
statewide.
2000 Wyeth pays a $30
million fine for failing to comply with good manufacturing
practices.
2001 Archer Daniels Midland is
one of five companies fined by the European Commission for operating a
worldwide cartel for citric acid, used as a food preservative, from 1991 to
1995.
2002 Schering-Plough,
the maker of Claritin®, is fined $500 million by the FDA for
quality-control problems at four of its factories.
2003 Cephalon pleads guilty
in an off-label marketing
scheme and pays a $375 fine for the off-label marketing the narcotic
lollipop Actiq® ("fentanyl citrate") as well as Gabitril® (an
epilepsy medication) and
Provigil® (a narcolepsy
medication).
Sales representative, Bruce Boise, fails to follow
sales strategies
to convince doctors to prescribe Actiq®, Gabitril® and
Provigil® for off-label
uses.
Cephalon reaches a $425 million
settlement with
Bruce Boise over mandated illegal sales practices touting
dangerous off-label
uses.
2004
Archer Daniels Midland agrees to pay $400 million to settle class-action
lawsuit of fixing prices of high fructose corn syrup.
Archer Daniels
Midland fined $48.3 million by the European Commission for fixing citric
acid prices.
Ameriquest settles class-action lawsuit charging it
had defrauded borrowers in four states for $50 million.
Ameriquest is controlled by billionaire
Roland E. Arnall through
ACC Capital Holdings.
Roland E. Arnall is appointed
US ambassador to the Netherlands by
George Walker
Bush.
Bristol-Myers
Squibb is ordered by the SEC to pay $150 million to settle charges of
inflating its revenue by $1.5 billion in 2000 and 2001.
2005 British Petroleum West Coast
Products agrees to fines, health programs and improvements totaling a
$81 million for thousands of
pollution violations over the past decade at its Carson, California oil
refinery.
South Coast Air Quality Management District residents
suffer dizziness, headaches and
respiratory
ailments.
Hydrogen
sulfide pollution affects 21 public schools between 1991 and 2001, forcing
three public schools to close.
Accounting firm KPMG, a professional
service incorporation and one of the Big Four auditors, along with Deloitte, EY
and PwC, agrees to pay $456 million to
the federal government for
creating bogus tax shelters for the wealthy.
Walmart is fined over $135
thousand for allowing children to operate heavy machinery.
Walmart settles charges by paying fine of $11 million for hiring
illegal aliens.
2006 AT&T agrees to
pay $25 million for failing to properly maintain a network of underground
storage tanks throughout California.
Boeing settles charges of contract rigging with
Justice Department for $615 million.
Prudential Financial admits
criminal wrongdoing and agrees to
pay a fine of $600 million for
improper mutual fund
trades.
Prudential Insurance agrees to pay $19 million in
restitution and penalties for bid rigging, price fixing and
broker kickbacks.
As part of the settlement
Prudential agrees to disclose broker compensation.
From 1999 to 2005
Prudential paid $60 in 'contingent fees' to brokers on $18 billion worth of
life, disability and long term care insurance.
Chase Bank and Trilegiant
agreed to pay $14.5 million for tricking customers with 'free' membership in
discount programs.
A check was sent for $10, which when cashed enrolled
the mark in the discount program.
After the initial 'free' period
members were charged a fee of $99 for annual membership in the discount
program.
Trilegiant used Chase Bank customer lists.
Fidelity agrees to reimburse $42 million to it's
mutual funds to cover losses by it's stock traders caused by steering business
to brokerages that provided kickbacks.
Eight former traders at Fidelity agrees to pay over $1 million to
settle federal regulatory claims that they had accepted gifts from brokers
seeking business.
Farmers Insurance settled charges of replacing parts
in vehicles damaged in collisions with substandard parts for $17 million to the
lawyers and $20 to $40 to each plantiff in a class action suit.
Overseas
Shipholding is fined $37 million for
dumping oil waste and sludge
in the ocean.
2007 Bayer settles with 30 states
for $8 million for failing to adequately warn
consumers of the risks
associated with the use of the cholesteral reducing drug
Baycol®
which was sold from 1998 to August 2001 when it was withdrawn from the
market.
Pfizer pays $35
million for offering
kickbacks along with the illegal promotion of the
human growth hormone product
Genotropin®.
"Since May 2004, Pfizer, Eli Lilly, Bristol-Myers
Squibb and four other drug companies have paid a total of $7 billion in
fines and penalties.
In September 2007, New York-based Bristol-Myers paid $515
million - without admitting or denying
wrongdoing -
to federal and state governments in a civil lawsuit brought by the Justice
Department." - David Evans
Walmart settles charges that it failed to pay
overtime agreeing to pay it's workers $33 million.
2008 Fidelity pays $8 million in
March 2008 to settle SEC claims that its
employees had received over $1.6 million in gifts for routing transactions
through brokers bearing gifts.
EPA fines Infineum, a joint
venture between ExxonMobil and
Shell Oil, $950,000 for using
a new chemical in its auto products before the chemical had undergone the
required 90-day review.
EPA fines Clorox $177,300 for the American
distribution of unregistered and mislabeled disinfectant bleach
intended only for Asian
export.
Lonza Inc., the largest American manufacturer of
hospital disinfectants, is fined $202,500 for making the false claim that its
disinfectant products Formula 158 Lemon Disinfectant®, Fresh and Clean®
and REV® actually worked.
Formula 158 Lemon Disinfectant® and
Fresh and Clean® did not kill Pseudomonas Aeruginosa, and REV®
did not kill either the Pseudomonas aeruginosa or Staphylococcus
aureus, as claimed on the label.
Lonza Inc. is the
American subsidiary of the Lonza Group a Swiss chemicals and biotech
corporation, headquartered in Basel,
Switzerland. |
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the internati☣nal c☣rp☣rate cartel has garnered more and more
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