GE CEO Larry Culp agrees to $10 million minimize in compensation

General Electric Co. Chief Executive Larry Culp has agreed to a minimize in his compensation in response to shareholder suggestions, in line with a regulatory submitting on Thursday.

“In response to prior shareholder feedback, the committee and Mr. Culp agreed to reduce his annual equity incentive grant for 2022 from a grant date fair value of $15 million to $5 million,” the submitting mentioned.

Culp’s…

Source web site: www.marketwatch.com

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