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"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.
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.)
a short list of American companies settling
charges or paying fines due to illegal conduct1996 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 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.
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 Walmart settles 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 biotech corporation, headquartered in
Basel, Switzerland.
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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 the Lumière Infinie -
a rational gnostic mystery 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 the Lumière Infinie 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 coöperation. Coöperation
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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their writings, showed the capacity for intelligent, reasonable, rational,
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