therealwelfarequeens:

David Cote is chairman and CEO of Honeywell International. The company paid no corporate income taxes between 2008 and 2010. Over the same period, it made $4.9 billion in profits, received $34 million in tax rebates, laid off 968 worker, and increased executive compensation by 15%. Honeywell has also created more Superfund toxic waste sites than any other corporation. Cote is on the Board of Directors for JP Morgan Chase and is an adviser to the leverage buyout firm Kohlberg Kravis Roberts & Co, the so-called “merchants of debt.” In 2010, President Obama named Cote to the Bipartisan Commission on Fiscal Responsibility and Reform.