"Despite a volatile environment, our fundamentals remain very strong."
Jeffery Immelt

General Electric:
'We bring good things to life'

"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 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. 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.

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.

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 appeal.)

"General Electric profited handsomely from Bolshevism, Roosevelt's New Deal socialism and national socialism in Germany." - Anthony Sutton

a short list of American companies settling charges or paying fines due to illegal conduct

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 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.

2002 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 syrup.

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 1995.

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 suffered dizziness, headaches and respiratory ailments. The hydrogen sulfide 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 stores.

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 programs. Trilegiant used Chase Bank customer lists.

Fidelity 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.

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 Group Inc. is fined $37 million for dumping oil waste and sludge in the ocean.

2007 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 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. 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 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 biotechnology incorporation, headquartered in Basel, Switzerland.

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 narcolepsy medication).

This web site is not a commercial web site and is presented for educational purposes only.

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. Religious intolerance 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 author. Violent acts against individuals due to their religious beliefs in America is considered a "hate crime."

This web site in no way condones violence. To the contrary the intent here is to reduce the violence that is 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 of a gun.

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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"Despite a volatile environment, our fundamentals remain very strong."Jeffery Immelt