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Grateful for all of the law enforcement officers who support us and help get us safely to where we are going each day. Thank you for all you do!— Mike Pence (@Mike_Pence) July 30, 2020 192
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
Health experts aren't just asking everyone to have a scaled back Thanksgiving. They're doing it themselves.“Last year and the year before, we had between 20 and 30 people at our Thanksgiving table. It's absolutely my hands down favorite holiday," said Dr. Richard Besser, a former CDC director and the current CEO of the Robert Wood Johnson Foundation. "This year, they're going to be three of us. There's me, my wife and one of our sons.” Besser says he won’t be seeing his parents in person. They're in their 90s.The doctor says Thanksgiving is different than holidays over the summer or Halloween, because there is already stress on health care systems.“But just thinking about all of the people who will have other health care problems, people with diabetes and heart disease, someone who has chest pain and can't get into the hospital, people who may have cancer and aren't getting treated or screened,” he said.Besser says Americans have to do all they can to push through these next few months until there’s a vaccine around.“Now, I'm sorry. I know a lot of people would like to get together. But remember, we really truly are talking now about being in a final stretch towards a vaccine,” said Besser.Communicable diseases expert and college professor Jill Roberts, her oncologist husband and daughter will be the only ones in their home on Thanksgiving, as well.They've been playing it safe this entire time, so Roberts’ husband doesn't put any of his cancer patients at risk.“I'm definitely concerned about Thanksgiving. I want people to, you know, be aware that it's a risk, protect the people who are the most vulnerable,” said Roberts.Experts have mentioned this before but it's worth repeating. If you are having others over or going somewhere where you don't live, the fewer people the better. Eat outside or open the windows in the house. Wear a mask and social distance as much as possible. 1915
HELENA, MT. - About 120 soldiers arrived in Helena after a year-long deployment to the Middle East.The Montana Army National Guard 1-189th General Support Aviation Battalion deployed to the Middle East in October 2019 and conducted operations throughout the Middle East like Syria and Iraq. National Guard leadership was one of the first to welcome home their soldiers.“The wind, the weather, they're coming out of Fort Hood, which is much warmer and they're stoked,” says Donald Emerson, Assistant Adjutant General for the Montana National Guard. “They're happy, doesn't matter. They're just glad to be with their families. It's great to see."In total, about 240 soldiers reunited with their families in Montana, dropping them off in airports nearest to home. The Montana National Guard dropped off their soldiers in groups of about 50 to maintain pandemic changes. Then they were led to their families, and they also received a community reunion from people outside the hangar waiting to welcome them home.“I just wanted to welcome these guys home,” says Puanani Wevers, a Helena resident. She stood outside waving an American flag as soldiers were leaving the hangar. “I mean, it's been a year that parents have, you know, not had their children home and loved ones. The least we can do is come out and support these guys."The Montana National Guard respectfully declined all interview requests with these soldiers, simply stating they just wanted to get them home in the arms of their loved ones.This story was first reported by Alexie Aguayo at KXLH in Helena, Montana. 1582
Glen “Big Baby” Davis, former NBA player best known for his role on the 2008 championship Boston Celtics, was arrested at a Hampton Inn in Aberdeen, Maryland last month.According to court records, the hotel owner smelled marijuana coming from Davis' room on February 7th.When the owner knocked on room 208, someone inside the room told him to “F--- off!”Aberdeen police then responded to the hotel and Davis gave signed consent to search his room"They recovered 126 grams of marijuana,” said Aberdeen Police Lieutenant William Reiber, “In addition to that there was a brief case that contained ,164 of U.S. currency along with a ledger that contained language which is consistent with someone involved in the sale and distribution of narcotics."The ledger was of names of people of who owed money along with baggies for individual packaging of a quarter pound of marijuana.The strains were called "Sour D" and "Berry," all from a Los Angeles wholesaler court records show Davis told police he was in business with.It all resulted Davis’ arrest followed by an indictment weeks later on seven counts of drug possession and distribution.Aberdeen Police say it was during the booking process when it became apparent who Davis is in the sports world.He told officers he was in Harford County, Maryland visiting family."There was a statement that was made about the purpose of the trip but at the end of the day we don't know exactly,” Lt. Reiber said, “There was an investigation, it is still ongoing. It is still making its way through the justice system "Davis' attorney, who could not do an on-camera interview about this case said that Mr. Davis adamantly maintains his innocence and looks forward to his day in court to clear his good name. Glen “Big Baby” Davis is due in a Bel Air courtroom early next month. 1836