General Electric's recent dividend cut reminds me of the familiar cliche "Be careful what you wish for," a thought likely on the minds of many in its new headquarters in Boston.
It is clearer now that GE abandoned Connecticut earlier this year not for greater access to talent and technology but to grab the immediate tax cuts proffered by the hub city. And following this initial slashing, can more heads be far behind?
This will all sound, of course, like sour grapes coming from a land-of-steady-habits resident. So here's the thing: I'm sure we would welcome GE back when it is ready to bypass quick fixes and get back to serious, constructive business incentives.
Jim Schepker, West Hartford