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Business splits on choice of Immelt to head new Obama economic panel

Small business group calls president ‘tone deaf’ after selection of corporate mogul. Big business associations welcomed President Obama’s appointment of GE CEO Jeff Immelt to lead a new presidential advisory board on the economy, but small business groups were skeptical. “I don’t necessarily see it as a positive sign,” Geoff Burr, vice president of government affairs at Associated Builders and Contractors, told CEO Update. “The president’s biggest challenge has been that he’s appeared tone deaf to the needs of small business. Looking to the CEO of one of the world’s largest corporations to help him reach out to businesses a fraction of its size doesn’t seem necessarily… Read More