3 ms·
At points during the last decade, 40 pct of profits were made by the Finance sector. And companies like GE can make a billion dollars by lobbying for tax loopho
by oculusthrift 10y ago
At points during the last decade, 40 pct of profits were made by the Finance sector. And companies like GE can make a billion dollars by lobbying for tax loopholes rather than creating new products. So this seems like the type of stuff they focus on.
- dv_dt 10y agoGE gets too sweet of a tax deal, but out of many corporations to choose as an example, I don't think my comment applies as strongly to GE. Though they do work with financial matters, they've been backing away from finance as a central profit center, and refreshing their technology core (as exemplified by their divestment of a banking asset). Recently, GE is focused make strong investments in R&D and actually have been on a bit of a binge buying up many startups with advanced manufacturing capabilities. So they seem to have a strong technical vision that they're building towards. Disclaimer: am an individual GE stock holder so that may color my view here.