Thursday, April 26, 2012
Crowd gathers in Detroit at GE Annual Shareholder Meeting
Detroit— While several thousand protesters made noise Wednesday in the city's downtown over feelings General Electric isn't paying enough in taxes, three dozen protestors stood up at the beginning of GE's annual shareholder meeting chanting "pay your fair share"
The group was escorted from the meeting room at the Detroit Marriott at the Renaissance Center by police and security without incident. They continued their demonstration outside in the lobby. A phalanx of security guards formed outside the ballroom to prevent them from re-entering.
The protesters with ties to the "99 percent" movement — made popular last year in light of corporate bank bailouts — made their frustrations known over GE's tax payments outside the building, stretching into nearby Hart Plaza.
Inside the Renaissance Center, security was tight. Shareholders were required to pass through metal detectors, and endure bag searches and wand scans in order to enter the lobby outside the meeting room. Only registered shareholders were allowed in, but it was clear by the union pins some wore that they would bring the protest inside.
A small group of union activists from the Service Employees International Union tried to enter the meeting with proxies from shareholders, but they were turned away by security and police. GE CEO Jeff Immelt had planned to come out and mingle with investors but that was canceled out of security concerns. From The
Detroit News: http://www.detroitnews.com/article/20120425/METRO/204250367#ixzz1tBeiekOX