W. Thomas Smith, Jr., CRC Open Sources

Recently, I wrote a piece, Doing Business with the Devil (Human Events, June 2, 2008), in which I discuss the fact that American-owned General Electric continues to do business with Iran despite the fact that there has long been a trade embargo on that country (Iran is a designated 'state sponsor of terrorism,' and its Islamic Revolutionary Guard Corps is a designated 'foreign terrorist organization.').

GE has stated publicly the company would no longer seek new business in Iran after 2005. It's now 2008, and GE is still in Iran and doing business. Company execs have told me personally that GE will be out by the end of June. That remains to be seen. ....

Indeed, as GE also disclosed in 2006 - and as I reported at Human Events - the company has not only been selling and/or distributing 'power generation systems and parts, oil & gas equipment, power control/supply and lighting products in Iran,' but they have been doing business both directly and indirectly with the Iranian government. ....