Our friends the Yes Men are once again deftly mocking the shady practices of ethically-challenged business executives. Why large corporations and the mainstream media that cover them (sorry USA Today) keep falling for their ruses, I don’t know, but you gotta love it. Morgan Clendaniel reports on the activists’ latest shenanigans for Fast Company:
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Today, GE appeared to put out a press release noting that it had decided to do the right thing and pay the $6.3 billion taxes that it owed for 2010. And all the thanks it got was a quick drop in its stock price. If GE’s paying the government, that’s less money for shareholders. We can’t have that.
Remember the story that GE paid no taxes last year–and in fact, got money back from the government–despite making $11 billion in revenues (though, as with all tax law, the story was maybe a little more complicated than that).