"Despite a volatile environment, our fundamentals
remain very strong."
'We bring good things to
"Does anyone really believe that GE "brings good
things to life?" 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 the incorporation 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
incorporation on Earth.
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.
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
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
March 4,1992: Orange County, California: GE fined $11,000
for violating worker safety rules on handling
March 13, 1992:
Wilmington, North Carolina: GE fined $20,000 for safety violations at nuclear
May 22, 1992: Illinois: GE ordered to pay $65 million in
damages for design flaws in nuclear
July 22,1992: Washington, D.C.: GE fined $70 million for
laundering and fraud related to the illegal sale of fighter jets to
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
October 27, 1992: Washington, D.C.: GE ordered to pay
$576,215 in damages for overcharging on defense contracts.
1992: Washington, D.C.: GE ordered to pay $13.4 million in damages to
whistleblower on illegal sale of fighter jets
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
October 11, 1993: San Francisco, California: GE ordered to offer
$3.25 million in rebates to consumers
after deceptive advertising of light
February 2,1994: Perry, Ohio: GE settles with utility
companies on defective Perry Nuclear
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
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
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
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
April 20, 1998: Waterford,New York: GE fined $204,000 for
October 1998: United Kingdom: GE ordered to pay £2 billion for
asbestos cleanup and related
24, 1999: Chicago, Illinois: GE ordered to reimburse consumers $147 million for
unfair debt collection
September 17, 1999: Moreau, New York: GE ordered to build
drinking water system after
PCB contamination of
October 9, 1999:
Pittsfield, Massachusetts: GE ordered to clean up
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.
In 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
a short list of American companies settling
charges or paying fines due to illegal conduct1996 Ameriquest settles charges of
practices with Justice Department for $4 million.
Midland pays $100 million in fines for the lysine
price-fixing case and several executives
are imprisoned. Lysine makes chickens fat, dumb, and happy.
and Kyowa Hakko Kogyo of Japan, and Sewon Corporation and Cheil Jedung of Korea
with Archer Daniels Midland formed a cartel to restrict production of lysine to
boost the market price.
Archer Daniels Midland
violated 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 Laboratories pays a $30 million fine for failing to
comply with good manufacturing practices.
Schering-Plough, the maker of
Claritin®, is fined $500 million by the FDA
for quality-control problems at four of its factories.
2004 Archer Daniels Midland Co agreed to pay $400 million to
settle civil class-action lawsuit accusing incorporation of fixing prices of
high fructose corn
Archer Daniels Midland fined $48.3 million by the European
Commission for fixing citric acid prices. Archer Daniels was one of five
companies fined by the European Commission in December 2001 for operating a
worldwide cartel for citric acid, used as a food preservative, from 1991 to
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
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
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 suffered dizziness, headaches and
respiratory ailments. The
pollution affected 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 fined over $135 thousand for
allowing children to operate heavy machinery. Walmart also settles charges by
paying fine of $11 million for hiring illegal aliens to clean
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.
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 programs. Trilegiant used
Chase Bank customer lists.
Investments agreed 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 Investments agreed to pay
over $1 million to settle federal regulatory claims that they had accepted
gifts from brokers seeking business with the fund incorporation.
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 Group Inc. is
fined $37 million for dumping
oil waste and sludge in the ocean.
Walmart settled charges that it failed to pay overtime agreeing to pay it's
workers $33 million.
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
Pfizer pays $35 million for offering
kickbacks along with the illegal promotion of the human growth hormone product
"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. The six other companies plead guilty
in criminal cases." - David Evans
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
EPA fines Clorox $177,300 for the American distribution
of unregistered and mislabeled disinfectant bleach intended only for Asian
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.
Inc. is the American subsidiary of the Lonza Group a Swiss chemicals and
biotechnology incorporation, headquartered in
2008 Cephalon settles an
off-label marketing case in which the
incorporation pays a fine of $375,000,000 for marketing the narcotic lollipop
Actiq® ("fentanyl citrate") as well as Gabitril® (an
epilepsy medication) and Provigil® (a
This web site is not a commercial web site and
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This website defines a
new perspective with which to engage reality to which its author adheres. The
author feels that the falsification of reality outside personal experience has
forged a populace unable to discern propaganda from reality and that this has
been done purposefully by an international corporate cartel through their
agents who wish to foist a corrupt version of reality on the human race.
occurs when any group refuses to tolerate religious practices, religious
beliefs or persons due to their religious ideology. This web site marks the
founding of a system of philosophy named The Truth of the Way of Life - a
rational religion based on reason which requires no leap of faith, accepts no
tithes, has no supreme leader, no church buildings and in which each and every
individual is encouraged to develop a personal relation with the Creator and
Sustainer through the pursuit of the knowledge of reality in the hope of curing
the spiritual corruption that has enveloped the human spirit. The tenets of The
Truth of the Way of Life are spelled out in detail on this web site by the
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This web site in no way condones
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already occurring due to the international corporate cartels
desire to control the human
race. The international corporate cartel already controls the world
economic system, corporate media worldwide, the global industrial military
entertainment complex and is responsible for the collapse of morals, the
elevation of self-centered behavior and the destruction of global ecosystems.
Civilization is based on cooperation. Cooperation does not occur at the point
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American social mores and values have declined precipitously
over the last century as the corrupt international cartel has garnered more and
more power. This power rests in the ability to deceive the populace in general
through corporate media by pressing emotional buttons which have been
preprogrammed into the population through prior mass media psychological
operations. The results have been the destruction of the family and the
destruction of social structures that do not adhere to the corrupt
international elites vision of a perfect
world. Through distraction and coercion the direction of thought of the
bulk of the population has been directed toward solutions proposed by the
corrupt international elite that further consolidates their power and which
further their purposes.
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