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...

    Read Full Article

    Login to comment.

  1. Categories

    1. BoardProspects Features:

      BoardBlogs, BoardKnowledge, BoardMoves, BoardNews, BoardProspects Announcements, BoardProspects CEO, CEO Blog, Competitor Corner, In the News, Member Report, Partner Publications, Question of The Week, Sponsored Content
  2. Quotes

    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.
    2. We value the feedback and views of our shareholders, and we will continue to engage with many of them on a range of topics, including executive compensation.
  3. Topics Mentioned