GE CEO: It is the end of the 'global elite' (GE)

Thomson Reuters America "will be less of a leader in trade" in the coming years, according to Jeff Immelt, GE's chairman and CEO. "We're in an era when some very basic assumptions about the global economy are being tested," he said in his annual letter to shareholders. "There is deep skepticism toward the ideas that powered economic expansion for a generation." That said, globalization is not coming to an end, according to Immelt. The time of the "global elite" might be, however. "Are we witness...