CEO Says GE Move Was A Mistake

posted by John Baibak - 

The CEO of Stanley Black and Decker  says leaving Connecticut was just one of many bad decisions by General  Electric.  

James Loree says over time GE became arrogant and complacent,  believing their own press releases.  

GE left for Boston in 2016, and  has seen its stock price plummet ever since.  

Loree worked at GE for  years, and praised the company for its selection of Larry Culp as new  CEO.

Several companies have left Connecticut or threatened to leave amid increasing state tax pressures.

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