March 1, 2011: Although he is no longer CEO of GE, he is still seen by a CEO by many. Jack Welch is now the second well-known CEO to go public regarding the Obama administration: President Obama's move to the center is all talk so far.
It has always been perplexing to me why CEOs have not been more vocal about government regulations and how they can negatively impact a company. (The most obvious reason CEOs don't talk about it is because they fear they will government contracts, I assume. Others don't want to get dragged into the political arena for any reason.)
Finally, a Fortune 500 company CEO is speaking out. I doubt he will be the last.
Transcocean (RIG) moved to Switzerland a couple of years ago. RIG is a deep-sea driller and last time I looked, not a lot of ocean-going activity anywhere near Switzerland.
3M is also in a state that is well-known for high taxes and cumbersome regulations. One of Minnesota's iconic companies has recently shifted its manufacturing plants to North Dakota. 3M probably took note.
