General Electric CEO Jeffrey Immelt is closing 16 of its lending offices in Costa Rica
General Electric’s CEO Jeffrey Immelt is making $20 million a year, living in a mansion in New England, and selling parts to the Iranian military that are being used to make weapons that are killing, American Troops in Iraq.
GE has long had a corporate presence in Iran, which U.S. officials say is providing weapons and training for Shiite militias in the Iraq conflict. GE also owns MSNBC and a strong supporter of President Obama, stands to gain big time with their lending services GE Capital who have asked for over $6 billion in stimulus money, not counting getting involved in Obama’s new Health Care packages, where GE stands to make billions off on their health care network.
GE thought they expand their lending services back in 2005, by purchasing 49.99% of the Red Financiera BAC and compete for a piece of the personal credit action against Banco Nacional, CrediTicos, Instacredit and among others.
Obviously, all is not going well for GE in Costa Rica when they opened up for business in 2006 doing business as GE Money. And in 2007 GE Consumer Finance (another spinoff) also purchased Miravalles through BAC San José, converting the Miravalles locations into GE Money.
Now due to a massive lost in stock value (since Immelt became CEO) and public outcry on helping terrorist), now three years later will close those 16 offices located around the country by the first of October. And transfer its operations to around 200 branches and kiosks of Red de Pagos de Credomatic and BAC San José.
This closing will cause the lost of Costa Rican jobs and it may detail relocating of some employees. However, the amount of layoffs and relocating is unknown at this writing.
Patricio Alemparte, general manager of GE Money Costa Rica, said there is no need for Costa Rican’s to panic, GE Money will have its own offices and/or Kiosks and can better serve customers using the locations of the BAC.
This is something they have been planning for a while now, says Alemparte, which makes one sort of wonder, “What the hell is going on?”
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