Quote:
Originally Posted by kidyankee764
I don't have to be convinced that CT is an expensive and business-unfriendly state. If you look at my posting history, you'll see I've made mention of it in the past. What I don't believe is our tax hike, as described by Immelt, was the sole reason for GE's relocation (for the third time).
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I don't believe it was the SOLE reason either as posted MULTIPLE times. Clearly Immelt in his own words didnt claim it as the SOLE reason either.
Here are his words: "Boston was selected after a careful evaluation of the business ecosystem, talent, long-term costs, quality of life for employees, connections with the world and proximity to other important company assets," Immelt said. "We want to be at the center of an ecosystem that shares our aspirations."
"long term costs" ergo: tax costs.
I just find it curious when a CEO cites tax policy among reasons for the move, that some people refuse to believe the words coming out of his mouth, as clearly there was negotiating going on with both CT and MA on taxes.