Advancing a Free Society

Head of Chu Capital Testifies Before Congress on Job Losses

Sunday, January 15, 2012

Nobel physicist turned venture capitalist, Steven Chu, testified before a House Sub Committee today to explain the loss of jobs in companies in which his company, Chu Capital, invested.

In questioning Chu, the Democratic representative from California was particularly critical of the loss of more than one thousand jobs in economically-depressed California at Chu Capital’s Solyndra plant.

Democratic representatives from Massachusetts and Nevada expressed similar concerns that companies in their states in which Chu Capital invested are either bankrupt or on the verge of bankruptcy.

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