2012 Feb 9 |
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http://www.theatlanticright.com/2009/04/23/ge-shareholders-angry-msnbc-too-biased/
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MSNBCOops, GE’s shareholders are rebelling:

Just before GE re-elected board members, company brass were hit with questions from shareholders critical of an alleged leftward political slant at MSNBC.

Now, HollywoodReporter focuses on one of the attendants, Jesse Waters who is a producer on the “O’Reilly Factor,” but his questions were irrelevant in the grand scheme of things.

You see, all shareholders were dissatisfied with MSNBC’s clear bias. Even CNBC was criticized – albeit to a lesser degree. They asked questions about the meeting CNBC’s executives ordered a short while ago, in which reporters were reportedly asked to tone down the criticism of the new administration.

It will be interesting to see whether the rebels persist, or whether their discomfort was temporary, especially if the networks’ ratings go up. Since shareholders are often fiscally conservative, however, GE is wise to stop giving George Soros what he wants.

Keith Olbermann is not merely an embarrassment for any serious network, he is also someone who alienates businessmen and other investers – if you want them to buy your stocks, your should take their criticism serious.

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  1. Posted by c3
    | Quote | Trackback | Link #91619
    c3 Has a similar phenomenon occurred with News Corp shareholders?
  2. Michael Merritt
    c3 :

    Has a similar phenomenon occurred with News Corp shareholders?

    This seems unlikely to happen. News corp has always seem to me a more privately run company, despite the fact that it's a public corporation. I may be wrong, but I think the Murdoch family owns enough of stake in the company where they have the loudest voice, though no doubt that all the other shareholders could gang up if they wanted to. It's a little like the WWE, where the McMahons own about 90% of the company despite the fact that it's publicly held, though in this case I believe the Murdochs own a significant amount less. It'd be nice, though. As much as Keith Olbermann is an embarrassment to GE, I think the likes of Sean Hannity are an embarrassment to News Corp. There are others, but Hannity is the worst offender. Bill O'Reilly gets off the hook, despite my own issues with some of his ethics.
  3. Posted by smc
    | Quote | Trackback | Link #91875
    smc Since the board of directors is not doing its job and is not getting rid of Immelt and his unethical and distructive practices, then I say "SELL, SELL, SELL." I have GE stock and it took that 70% hit (my other stocks have only taken 40-45% hit in this devestating market. Clearly GE has bigger issues than just the recession. Down with Immelt or down with GE. If Immelt stays we all need to sell the stock (even it means we take a loss) in order to make a statement to the GE Board of Directors that they are doing a terrible job managing this company and that we don't approve of the marriage between government and big business that seems to trump the interests of the stock holders. The government and GE seem to be on the same page -- they step all over the little guy -- gov't doesn't hear the taxpayers and GE doesn't hear the stockholders. SELL ALL YOUR GE STOCK TODAY!