1. GE CEO’s $232 Million Pay Deal Scorned by Glass Lewis, ISS

    GE CEO’s $232 Million Pay Deal Scorned by Glass Lewis, ISS

    (Bloomberg) -- General Electric Co. is nearing a tussle at its annual meeting next month after two top shareholder advisory firms recommended a vote against Chief Executive Officer Larry Culp’s revised pay package, which lowered the bar for him to eventually collect as much as $232 million...

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    1. Mid-cycle adjustments to performance equity grants are generally considered to be problematic, particularly when the changes both increase the value of the award and decrease the performance level needed to earn it.
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