Other big names on the list: Cisco (No. 5), which earned a 4.11, and GE (No. 8) with a 4.10.
Better to sell GE with no revenue growth and an 11% ROE for instance.
Two defectors say that when news of the departures broke in the trade press, Welch was so angry that he issued a new fiat: GE would no longer invest in funds run by ex-employees.
But Obamanomics, from the new and expanded tax credits of the 2009 stimulus, to the green energy tax loopholes that left GE paying no income taxes on billions in corporate profits, to the proposed new tax credits of the Jobs Plan, to the 2013 tax rate increases, involves just the opposite, creating numerous new tax loopholes in return for higher tax rates.
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The news that the tech giant is folding Amalga into the GE JV should be no surprise at all.
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Only a few weeks ago, a New York Times report noted that GE, one of the largest U.S. corporations, paid no income taxes, sparking a public outcry. (Read Pre-Crisis Dynamic At GE As Financial Arm Overtakes Energy).
Legally, of course, but as the NYT notes, no one lobbies for more tax breaks than GE.
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GE's Jack Welch, no less, has given warning of the clashing incentives this might create within a firm.
Interestingly, 17% of those surveyed responded that they wanted to keep their tax breaks no matter how low the rate dropped ( GE, perhaps?).
And my quarterly GE dividends are reinvested (used to purchase additional shares) at no cost.
Last year, General Electric paid no federal income taxes due to write downs from previous losses from its financial arm GE Capital during the 2008 credit crisis.
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No word on when such a cooling system might actually appear in a retail product, but GE's engineers were recently in Japan meeting with Fujikura, maker of many OEM laptop cooling solutions.
ENGADGET: GE uses dual piezo jets to keep a Core i7 laptop cool, play a merry tune (hands-on video)
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