Executive compensation at general electric

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But GE is operating in a much different environment than it was just a few years ago. Related Tags. Immelt at the helm.

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It will pay its new CEO handsomely if he can pull one off. Z This report is not for commercial use. If the company's stock rises percent, Culp gets 7. The one-time pay out at the end of the third quarter in is based on performance metrics for Culp, marked by increases in GE stock. Culp is facing GE shareholders for the first time. His comments came as shareholders gathered to elect an overhauled board. You may also find the annual proxy statement by going directly to the company's website. Culp was named to the GE board in April. Culp is continuing the work of his predecessor, John Flannery, a GE lifer who sought to reshape the board after 16 years of Mr. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. And he gets more money if it rises further. Culp, saying it would provide clarity on decision-making and accountability. What is a proxy statement? Culp, 55, brings more than a decade of success as the CEO of Danaher to his new role at General Electric, giving investors new hope for the embattled industrial conglomerate. Ousted CEO John Flannery was promising shareholders he would trim GE down to three core businesses, but the company was not turning around as quickly as its board of directors had hoped.

Z This report is not for commercial use. Culp was named to the GE board in April. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives.

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Culp highlighted the fresh perspective of the new smaller board that "can get around a smaller table and a smaller room. In response to a retiree who called for the company to halt supplemental pension payments to former CEO Jeff Immelt. GE's board explored naming an independent chairman when it switched CEOs last year but opted to give both roles to Mr. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. In October, the company put Mr. Danaher now holds its place as one of the world's largest science and technology conglomerates, after Culp more than quintupled the company's market value and revenues while CEO. If the company's stock rises 50 percent, Culp gets 2. On Wednesday, Mr. Related Tags. Last month, the board's compensation committee wrote a letter encouraging shareholders to endorse the pay plans, saying they should be considered in the context of hiring attractive candidates. And he gets more money if it rises further.

Culp, saying it would provide clarity on decision-making and accountability. If the company's stock rises percent, Culp gets 7. You may also find the annual proxy statement by going directly to the company's website. GE's announcement Monday that Culp will replace Flannery was a surprise move.

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Danaher now holds its place as one of the world's largest science and technology conglomerates, after Culp more than quintupled the company's market value and revenues while CEO. Rocheleau said before the meeting. If the company's stock rises 50 percent, Culp gets 2. Immelt left in , and several of GE's longest-serving directors said they would do the same. Many retirees typically attend the annual gathering to voice frustration with changes to their benefits. Related Tags. On Wednesday, Mr. In October, the company put Mr. The company's stock rose 3. Culp was named to the GE board in April. Culp, who said he is trying to increase interactions with shareholders at all levels. But GE is operating in a much different environment than it was just a few years ago. Culp, saying it would provide clarity on decision-making and accountability. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement.

It will pay its new CEO handsomely if he can pull one off.

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GENERAL ELECTRIC CO Executive Salaries & Other Compensation