Experts: CEO of GE Justified in Cautioning Against U.S. Protectionism
Drexel UniversityGeneral Electric CEO Jeff Immelt recently said “protectionism makes the U.S. look weak not strong,” in a speech recently delivered at Georgetown University, openly disagreeing with many of President Donald Trump’s policies. He continued to say that while the systems of free trade didn’t work well enough for all in the United States, withdrawing from trade deals isn’t the answer. While Immelt’s comments and advice to the President made national headlines, a panel of 20 experts looked at Immelt’s statements from a corporate governance and corporate reputation perspective and—for the most part—favorably viewed Immelt’s decision to take a public stand on Trump’s trade policies. The CEO of a company that makes nearly 70 percent of its sales outside the United States, received an overall grade of “B+” for speaking out in favor of modernizing and improving trade deals.