Hey! Invest in Connecticut, Don’t Cut and Run. You’ll Be Sorry.

Stanley Black & Decker CEO: GE Leaving Connecticut One Of ‘A Lot Of Bad Decisions’ It Made

Stephen SingerStephen SingerContact Reporterssinger@courant.com, Hartford Courant, 10/2/18

In a question-and-answer period following a talk at the Tunxis Foundation Economic Breakfast about Connecticut’s own fiscal troubles, CEO James Loree said the Boston-based aviation, transportation and medical equipment company “makes me cringe.”

“GE was a great company in its day,” said Loree, who worked at GE for 19 years in financial management, audit and operating management. GE moved to Boston in 2016, ending its 42-year run in Fairfield.

“We were all so upset when GE left the state,” Loree said. “It turned out they made a lot of bad decisions. That’s just one of them.”

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