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Obama names GE CEO Immelt to head jobs council

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New appointment means Obama administration will focus on growth after stabilization of economy. From CBS News.

(AP)  President Obama is restructuring his economic advisory board to place an emphasis on job creation, and he is naming General Electric CEO Jeffrey Immelt as its new head.

The new board, called the President’s Council on Jobs and Competitiveness, will replace the former Economic Recovery Advisory Board that had been chaired by former Federal Reserve Chairman Paul Volcker.

Obama announced late Friday that Volcker was ending his tenure on the panel when its mandate expires on Feb. 6.

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Written by demon53

January 22, 2011 at 7:21 pm

Posted in Uncategorized

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