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Shareholder asks GE to give back taxpayer profits

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When does a free-marketeer condemn corporate profits? When the profits come from the taxpayer. At yesterday’s GE shareholder conference, free-market activist Tom Borelli stood up and, in the context of GE’s involvement in the Fix The Debt campaign, pointed out GE’s tendency to seek and receive federal subsidies. “I think it represents a real reputational risk for the company to lobby for...

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