The Atlantic:

President Obama is announcing today that General Electric CEO Jeffrey Immelt will take over as head of a key economic advisory council. With the financial crisis officially over, the President's Economic Recovery Advisory Board is being shuttered, as former Fed Chief Paul Volcker, who chaired the board, steps down. It will be replaced with a Council on Jobs and Competitiveness. After all, now the big challenge the U.S. faces is creating jobs to reduce severe unemployment. Is Immelt a good choice to head this council?

...The one sort of obvious criticism, however, is conflict-of-interest. This role is a part-time gig for Immelt, as he will stay on as CEO of GE as he serves as the council head.

Yes, yes, and also how about this: He is in a class that has been at war with the working class since the dawn of capitalism! Meaning, his interests are not aligned with the interests of people in the lower sections of our society. And why in the world are these positions not filled by civil servants? It's totally bizarre to ask a wolf to take care of a chicken.