September 20, 2016
Capital District Chapter of NYSARA sponsors September 19th Forum on the Transformation of the American Economy
On Monday Sept.19th Paul F Cole gave a presentation to members of the Capital District Chapter of NYSARA on the fundamental transformation of the American economy from one where workers were valued and shared fairly in a growing economy gaining access to the middle class to one where most corporations shifted to a philosophy that “maximizes shareholder value “at the expense of workers.
Examples that Mr. Cole presented included General Electric CEO Jack Walsh announced that in the future, GE would shed all its divisions that weren’t #1 and #2 in the markets.
Then in 2016 despite huge profits GE took health insurance totally away from all of their retirees!