General Electric CEO Jeff Immelt, the head of President Obama's Jobs Board, plans to vote for Mitt Romney, Fox Business' Charles Gasparino reports (via Bloomberg).GE was also a big stimulus recipient. Could it be that GE finally ran out of unicorns and rainbows?
If true, the news would represent a major embarrassment to the Obama administration, which had elevated Immelt in their pursuit of private sector employment growth.
Gasparino has not spoken with Immelt, but said sources close to the G.E. chief said he was leaving Obama's side.
The president named Immelt the head of his panel of economic advisers in January as a replacement to Paul Volcker, the former Federal Reserve chairman.
Tuesday, March 20, 2012
This could be embarrassing: