Daily Archives: December 13, 2009

John Gapper

Jeff Immelt’s speech last week at the West Point military academy last week was most notable for his criticism of the shift to “meanness and greed” in business leadership. As I noted last week, it expressed the frustration of many industrial companies at excesses on Wall Street.

But Mr Immelt also made broader arguments about the need for the US to turn away its reliance on consumer consumption and services in order to regain competitiveness: Read more