General Electric use to be in the homes of everyone in the form of a transistor radio, washer, dryer, VCR or television all made in America. Today they are ranked #16 on Forbes Global 500 index with billions in sales and yet avoid most if not all their tax obligation. CFO Keith Sherin said that GE is proud of its own recovery. Earnings in 2010 were $3.3 billion, up from $1.5 billion at the end of 2009.
- Jack Welch 'cooked the books', Examiner.com, October 6, 2017.
3. REBEKAH Brooks denied today that she “cooked the books” to hide a £92,000 contract with a phone hacker when she was editor of the News of the World.
In a lengthy exchange under cross-examination at the Old Bailey, Brooks denied knowing about the deal with private investigator Glenn Mulcaire.
It was allegedly concealed in weekly payments to his company and signed off by then managing editor Stuart Kuttner, the hacking trial was told.
Prosecutor Andrew Edis QC said to Brooks: “What I am suggesting to you is, it is now perfectly clear the books were cooked to prevent anybody investigating or finding out what Mr Mulcaire was doing.”
Brooks said: “I did not cook any books.”
“Somebody cooked them,” Mr Edis said: “It should have been £92,000 and not 52 payments.”
Brooks agreed the cumulative total “should have gone to me”, adding: “Because it was paid in relatively small weekly payments and the news desk obviously kept within their weekly spending limit, it was never brought to my attention.”
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