And Now Jeff Immelt Has Sided With Occupy Wall Street

jeffimmelt serious tbi

joined Mohammed El-Erian, Vikram Pandit, Barack Obama and others in supporting Occupy Wall Street.

GE’s CEO told Reuters on Monday (via Ezra Klein):

“Unemployment is 9.1 per cent. Underemployment is much higher than that, particularly among young people that don’t have a college degree. It is natural to assume that people are angry, and I think we have to be empathetic and understand that people are not feeling great.”

“The discrepancy [between CEO pay and the rest of American] is certainly one of the problems today in terms of why people feel the system is unfair.”

Immelt received $15.2 million in compensation last year.

Don’t miss: Here’s what the protesters are so angry about >

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