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Business in Focus – Olympic Edition for General Electric

2nd Vote takes a 2nd Look at Worldwide Olympic Sponsor General Electric.

The General Electric partnership with the Olympic Games began in 2005 and is slated to continue through the 2020 Summer Games. GE will be providing a wide range of infrastructure and services for the Winter Games in Sochi such as water treatment, equipment and transportation logistics, energy generation and distribution, as well as lighting systems and healthcare technology.

GE operates in more than 100 countries and employees roughly 300,000 people.

General Electric has an overall score of 3, making it a liberal company.  A breakdown of their scorecard is below (all scores are based on a 10-point scale). To learn how we score, please click here.  To view research citations, click here.

2nd Amendment – 2

In 2013, GE Capital stopped offering consumer-financing programs to retailers whose main business is selling guns. The GE Foundation matched employee donations to the Brady Center to Prevent Gun Violence.

Environment – 2

GE is a member of the U.S. Climate Action Partnership (USCAP), which supports government-mandated regulations, such as cap-and-trade, carbon credits, and carbon capture and storage. According to the USCAP report, A Call For Action, “Cap and Trade is Essential.”

Marriage – 5

GE has received a 100 score on the Human Rights Campaign’s 2014 “Buyer’s Guide.”

Pro-Life – 2

The GE Foundation is a partner of UNICEF, which, as a member of the Human Rights and the Joint United Nations Programme on HIV/AIDS, was part of a 2006 report that recommended laws be enacted to ensure a women’s right to legal abortion. GE also matches employee gifts to Planned Parenthood.

CEO Activism – 

The CEO of General Electric is Jeff Immelt. Since 1999, Jeff Immelt has given $38,000 (28%) to twenty-two Democrat candidates and committees and $98,000 (72%) to thirty-eight Republican candidates or committees including the Presidential campaigns of President George W. Bush, Sen.  John McCain, and Governors Rudy Giuliani and Mitt Romney.

Corporate PAC – 

Political Action Committee (GEPAC) has contributed 61% ($499,500) to Republican candidates. GEPAC has given 39% 325,000 to Democrat candidates. (Center for Responsive Politics, www.opensecrets.org, Accessed 2/10/14)

In the 2014, cycle GEPAC has contributed $252,500 to Republican campaign committees, while it has only contributed $198,500 to Democrat campaign committees. (Center for Responsive Politics, www.opensecrets.org, Accessed 2/10/14)