Wednesday, January 13, 2016

Breaking news: the price of progress

By Samuel Insull
Financial Editor

The lucky Boston Globe subscribers who received their newspapers this morning were greeted by the story that General Electric was going to move its headquarters to Boston.  Even better, GE was doing so solely because it was motivated by the inherent wonderfulness of the region, which is especially evident today with a wind chill of 14, or so said GE CEO Jeffrey Immelt:

A forward-looking ecosystem?  That's us.  Also lobsters.

Even though GE said it wasn't looking for any special deals, readers of the online Globe today learned:
Imagine how much GE could have gotten if it had wanted a special deal.

By total coincidence, also today the Globe told us where that money isn't going:

Because after all in Boston progress is our most important product.

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