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GE Shareholders Reject CEO Culp's $230 Million Pay in Rare Rebuke

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NEW YORK/CHICAGO (Reuters) -General Electric Co shareholders rejected top executives' compensation packages, including a payout of as much as $230 million to CEO Larry Culp, at the industrial conglomerate's annual shareholder meeting on Tuesday. While the shareholder vote was non-binding, the move was a rare rebuke of a major corporation's handling of its executive pay. It comes after GE laid off 20,000 workers last year...

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