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United States News
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Title: GE Appliance Division head collapses during Biden speech
Source: WAVE channel 3
URL Source: http://www.wave3.com/global/story.asp?s=12720647
Published: Jun 28, 2010
Author: Mike Dever
Post Date: 2010-06-28 15:49:53 by Ignore Amos
Keywords: None
Views: 122
Comments: 3

LOUISVILLE, KY (WAVE) - Jim Campbell, the President and CEO of General Electric's Appliance and Lighting Division, was rushed to a doctor after he collapsed just before 11:30 a.m. Monday as Vice President Joe Biden was speaking.

Campbell, who was seated on a stool at the end of the stage set up inside a warehouse at GE's Appliance Park in Louisville, fell from a stool and off the stage as Biden was nearing the end of his remarks.

Biden paused and called for a doctor.

"Do we have a doctor here?" Biden asked. "Ladies and gentlemen, that's a sad note to end this on. Do we have a doctor here?"

According to GE spokeswoman Kim Freeman, Campbell appears to be fine, but was taken to an on-site medical clinic to be seen by a physician.

As Campbell was taken away, Biden remarked: "So folks, as my grandfather used to say, 'keep the faith.'"

Freeman says Campbell's collapse appears to be heat-related.

Biden was in town to tout the job-creation virtues of the Economic Recovery Act during his speech at Appliance Park, where the company is making a $600 million investment to expand manufacturing of "smart" appliances.

That investment is backed by nearly $25 million in tax credits that GE received under the stimulus.

State and city officials were present for the speech, including Kentucky Gov. Steve Beshear, Louisville Mayor Jerry Abramson and Congressman John Yarmuth.

Copyright 2010 WAVE News. All rights reserved.


Poster Comment:

Good ol' Joe. Still knockin' em' dead.

Post Comment   Private Reply   Ignore Thread  


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#1. To: Ignore Amos (#0)

Did he call him a smart ass?

(laughing)

News Update: Owe-bama ordered eggs and toast for breakfast. ABC/NBC/CBS/MSNBC/CNN all agree the decision to avoid bagels was 'Brilliant!' (eyes rolling)

Badeye  posted on  2010-06-28   16:16:22 ET  Reply   Trace   Private Reply  


#2. To: Badeye (#1)

You're a lot closer to Louisville than I am (and still a long way as I found out after checking a map when we talked about the KY Derby) but GE's reputation at this particular plant is very well known among Elec Eng's going back decades. They lay off older males in their 50s and hire kids just out of college to save a buck.

Let's face it designing a washing machine is not the kind of thing that shines on a resume but somebody has to do it.

I'm glad I dumped their stock at a small profit, less than my goal but better than holding onto an underperformer. I missed the good years when GE was so expensive I couldn't justify buying them.

reaganisright  posted on  2010-06-28   16:49:04 ET  Reply   Trace   Private Reply  


#3. To: reaganisright (#2)

I did well with the GE stock, obviously since I picked it up around 10 per share about 18 months ago. Its been as high as 19, down today to 15...it was below 15 this morning. Screwed around with seven stocks last year, sold all but three of them with a profit on each. Ended up consolidating into GE, WYNN and AVAV. Sold the AVAV stock about two weeks ago, just saw DOJ is investigating them for improper billing practices. Made about six or seven per share off it when I sold. Thinking about buying it again, its back to 22.58 as I type this.

GE aircraft engine plant just north of Cincinnati has the same layoff/hiring pattern you described...but thats not unusual, its the norm has been for decades.

News Update: Owe-bama ordered eggs and toast for breakfast. ABC/NBC/CBS/MSNBC/CNN all agree the decision to avoid bagels was 'Brilliant!' (eyes rolling)

Badeye  posted on  2010-06-28   16:54:47 ET  Reply   Trace   Private Reply  


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