CEO empathy for Occupy Wall Street

The head of General Electric says there’s good reason to sympathize with the movement’s economic frustrations.

 

A handful of financiers have broken ranks to support Occupy Wall Street, and some big business leaders are urging empathy as well. Take Jeff Immelt, CEO of General Electric, at a Thomson Reuters event on Monday. “Unemployment is 9.1 percent. Underemployment is much higher than that, particularly among young people that don’t have a college degree,” said Immelt, according to Reuters. “It is natural to assume that people are angry, and I think we have to be empathetic and understand that people are not feeling great.”