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General Electric was blasted on Wednesday by workers, retirees and shareholders bemoaning the downfall of the company they love.At its annual meeting, GE got an earful from employees and investors who pleaded with management to right the ship after a disastrous year."I believe it was arrogance and a series of bad business decisions," former employee Bill Freeda said. "Our board of directors clearly has been AWOL."Another shareholder said: "GE, which was once one of the preeminent companies in the world — the bluest of blue chips — is now an embarrassment."The past 12 months has been one of the darkest periods in GE's 126-year history. A cash crisis, brought on by years of bad deal-making, forced GE to cut its dividend in half and lay off thousands of workers. GE's stock price has crashed by 50%, and calls to kick it out of the Dow have grown louder.Despite the deep criticism of past and current GE leaders, the company's nominees to the board were all elected on Wednesday. None of the shareholder proposals calling for reform were adopted, though one pushing for splitting the CEO and chairman roles received strong support.John Flannery, a veteran GE executive who replaced longtime chairman and CEO Jeff Immelt last year, said he remains "extremely proud" of the company despite its "immensely disappointing" results."We're keenly aware of the pain that our performance has caused," he said.Flannery urged investors and employees to keep the faith and said results from the start of 2018 offer hope."I want all of you to be proud of the company and not lose heart," he said. "I assure you we will not let up until this job is complete."Former GE workers slammed the company for eliminating their supplemental health insurance plans."We built the company. We put it where it is today," said Ron Flowers, president of the Retiree Association of General Electric."Don't just think financially," Flowers urged the board. "Think morally also."Other retirees lamented GE's billion pension deficit, the largest among S&P 500 companies. They questioned whether the pension fund, whittled by years of low rates and inattention, will be around to support them.Flannery said the pension fund is running a "significant deficit," but he said maintaining its integrity is "a deep priority for us." He noted GE recently announced plans to contribute billion to the fund.Freeda, a GE retiree, slammed Immelt for having a back-up jet fly around the world with him on some trips. (GE has said it stopped that practice in 2014. Immelt told the board last year in a letter that he "did not have time to personally direct" the day-to-day operations of GE's corporate air team. He said use of the spare plane was halted once he became aware of it.)"Shareowners should wonder: Were there other serious business abuses?" Freeda said. He called for an independent investigation into questionable business practices under Immelt and urged GE to consider clawing back the former CEO's bonuses.Flannery said that the GE board would take "appropriate steps" if "evidence of serious misconduct" were to emerge. A spokesperson for Immelt declined to comment.GE shareholders voiced stronger support for a proposal aimed at boosting oversight by splitting the CEO and chairman roles. About 41% of shares were cast in favor of the bid, up from 24% last year.In light of accounting concerns at GE, shareholder support for KPMG as the company's auditor dropped sharply. Just 65% of shares were cast in favor of ratifying KPMG, down from 94% last year. KPMG has been inspecting GE's books for 109 years, leading critics to argue they've become too cozy.Martin Harangozo said he was fired by GE with no severance after raising questions about "bad" accounting."GE transitioned from an honest company to a dishonest company," Harangozo said.Underscoring the challenges facing GE, Moody's lowered its credit outlook on the conglomerate to negative on Wednesday because of the expected costs of a Justice Department investigation into its subprime-mortgages business.Moody's warned it could downgrade GE's credit rating if the company fails to improve cash flow significantly or if revenue keeps shrinking at the beleaguered power division. GE shares dropped nearly 5% on Wednesday, leaving them down 53% over the past year.One retiree pleaded with Flannery to turn around the company — fast."My whole life has been GE," he said. "Give it all you've got. We're with you." 4465
From millennials to baby boomers, almost everyone is affected by the opioid epidemic.While the issue touches so many people, a study done by Stericycle shows that Americans aren't as educated as they could be when it comes to disposing their leftover opioids. The study indicates that leftover opioids are proving to be a large source of this national epidemic. Sharing opioids: The study digs into people's habits when they are prescribed medications and how they usually dispose of them. It found that 74 percent of people think sharing and selling unused prescriptions is contributing to the growth of the epidemic. While a majority of Americans feel this way, the study also found that Millennials are 68 percent less likely than Baby Boomers to agree that sharing or selling their unused prescriptions is a contributing factor. Millennials also aren't concerned about sharing their leftover opioids. Compared to Baby Boomers, Millenials are more than twice as likely to share their unused prescriptions with a family member, and 33 percent more likely to have used an opioid recreationally in the last six months.Holding onto the medication:While most Americans think sharing is contributing to the problem, 30 percent admitted to keeping leftover prescriptions for future use out of a fear of an illness returning. Collection of opioids: The study reveals that 15 percent of these people hanging onto their medication are doing so because they don't know how to dispose of them. 68 percent of people agree that having access to safe and secure disposal methods would help the epidemic, but 83 percent admit they have never participated in these available programs. While the need for programs like this is evident, the study shows that tackling a problem like this it isn't so simple. 1910
HAMPTON ROADS, Va. - When COVID-19 hit, most people wouldn’t have imagined working from home for this long. But for thousands of Americans working from home has become the new reality.Dr. Ryan Light from Tidewater Physicians Multispecialty Group said he has seen a significant increase in patients coming in for pain to their lower backs, eyes, joints, and hands. He said many don’t realize what is causing the pain. He attributes the pain to months of working from home and not having the proper work environment setup.“People are working in their bedrooms, people are working in their kitchens, they have probably tried multiple locations and still haven't found a comfortable location,” said Dr. Light.He said many times the pain increases over time. They don’t realize the pain is caused by the way they are sitting, working on their computer or laptop. He said the pain will creep in.Leaders with the American Chiropractic Association say they are seeing an increase in people with pain in their neck, shoulders, wrists, and hands, lower back pain, and experiencing headaches.Dr. Karen Erickson with the American Chiropractic Association, A.C.A said the hunched-over posture that people assume when they don't have a good ergonomic setup is causing a lot of the problems.ACA said they conducted a Facebook poll on April 21 and found that 92% of respondents noticed an increase in musculoskeletal issues such as back pain and neck pain among their patients and people they know since the stay at home guidance went into effect in March. There were about 200 people surveyed.Dr. Erickson said she too has seen an influx in patients coming to her. She said it is both new patients and those who she previously treated that need help again.“I have never been busier,” she said.She offered some suggestions for how people can make changes to their work environments to prevent pain. She said people should keep their computer screen or laptop at eye level.Dr. Erickson said looking down at your laptop and rounding your shoulders forward puts a lot of stress on your neck and your shoulders.She said sitting on a couch can also cause problems if the couch is deep or too soft. She said it can strain the lower back and she suggested using a hard chair.“Keep your feet flat on the floor with a 90-degree bend in your knee, a lot of people cross their feet under their chair and that actually puts a lot of stress on your low back,” said Dr. Erickson.And she suggests switching up your work environment by moving around your home if possible. She said spend a few hours in your office, move to the kitchen, put the laptop on the mantel, and stand. She said walk around while you are on phone calls and take breaks to go outside.She said many people are walking around in pain.“There's no big moment where they all of the sudden have an explosion of pain. It is just a little bit at a time and a lot of times we get used to just being in pain.”This story was first reported by Margaret Kavanagh at WTKR in Norfolk, Virginia. 3029
Historic numbers of background checks to purchase or possess a firearm have been conducted in June. It's just the latest month with record-breaking numbers since the system was created in 1998. The FBI reported Wednesday that 3.9 million checks were done last month in what's a key barometer of gun sales. The numbers are driven by the crises that have roiled the U.S., including the coronavirus pandemic, an economic recession, protests over racial injustice and calls to reduce police funding. A group representing gunmakers says firearm purchases are a reasonable reaction to the political climate, while gun control advocates say they're concerned first-time buyers don't have enough training. 705