Tuesday, April 24, 2012

Ghost of Occupy Wall Street to haunt GE meeting

An offshoot of the Occupy Wall Street movement, which rose to prominence last year with its anticorporate stance, plans to bring its populist message to General Electric Co's shareholder meeting in Detroit on Wednesday.

Members of the "99 Percent" movement plan to picket the largest U.S. conglomerate's meeting to protest its low tax rate. The loosely organized coalition, whose name is a contrast to the top 1 percent of wealthy Americans, expects to have more than 2,000 protesters in attendance, according to organizers.

"It's the 99 percent and we want to serve notice to the 1 percent that it's time to start paying your fair share in taxes and being a little more responsible," said Christian Gary, an organizer with Good Jobs Now in Detroit.

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