THR reported the upset at a GE board meeting directed at Immelt, the CEO of GE who is pushing for green power, and who has pushed other left-wing causes.
“The crowd was very upset with MSNBC because of its leftward tilt,” one attendee said. “Some former employees said they were embarrassed by it.”
In short, the crowd was concerned about the biased reporting. The fourth estate has an obligation to report the news straight. While it is impossible to do this perfectly, MSNBC gave up trying years ago.
Under Immelt’s leadership, MSNBC has become a major proponent of left, Barak Obama, and the Democrat party, and has hired several pieces of flotsam from the failed ‘Air America’ catastrophe. MSNBC’s ratings are in the tank relative to where they where several years ago — not that they where all that great back then.
Immelt says he has a hands-off policy with respect to his news operations. Yet CNBC, a network that has been criticizing the Obama administration for its socialization of the economy, was put under the hot lights by Immelt and Zuckerman …
The top suits and some of the on-air talent at CNBC were recently ordered to a top-secret meeting with General Electric CEO Jeffrey Immelt and NBC Universal President Jeff Zucker to discuss whether they’ve turned into the President Obama-bashing network, Page Six has learned.
Share holders at the meeting asked about this issue. It was denied that arm-twisting occurred, despite the comments of several sources at CNBC.
A source familiar with the powwow told us, “There was a long discussion about whether CNBC has become too conservative and is beating up on Obama too much. There’s great concern that CNBC is now the anti-Obama network.”
Attacking a Republican president without respite for years is not anti-Bush, but, giving Obama grief for a month is anti-Obama? This is not bias? The official party line at GE was that the meeting was a thank-you dinner. The response:
“That is complete bull[bleep] . . . they didn’t invite a lot of people to [the meeting]. There were many staffers who were working 24/7 during the crisis who weren’t asked to attend, even Santelli, who was a big star for the network during those weeks. Why not?”
The thing to watch for will be a sudden change in coverage. Obama does not have to deal with a press corp in the US, but a choir singing praises. The Obama administration has given billions to GE in the form of TARP allocations for the struggling GE Financial Services. While this can be innocent, it does warrant reporting and investigation. Cheney worked for Haliburton. That company did have government contracts. The situation was heavily reported upon and investigated.
Immelt took over when GE stock was worth over $60/share. The share price is now close to $6 per share. Immelt did not keep his promise to not cut stock dividends. The retiree’s really appreciate that. Immelt and MSNBC are pushing cap-and-trade and green power. This while GE is becoming the largest builder of wind turbines. Can you say conflict of interest? Where are CBS, and ABC? Where is the NYT? This is a great story. Why the silence?