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Jeff Immelt Received 72 Per Cent Pay Cut After Plunging Profits hit GE

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The cut in Jeff Immelt's final package, and a new pay structure for his successor, reflects attempts to link remuneration with performance. Peter Foley by Ed Crooks Jeff Immelt, the former chief executive of General Electric, had his total pay reduced by 72 per cent, to $US5m, for 2017, following a final year at the company marred by plunging profits, a dividend cut, and the announcement of thousands of job losses...

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