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Contract Tweak Saves CEO Culp’s $124 Million Haul at GE

Start Magazine

(Bloomberg) -- Larry Culp needed a mega-million do-over. The pandemic was tanking General Electric Co. stock and pushing Culp’s big prize -- a $232 million equity windfall -- out of reach for the top executive. Before long, he got his do-over: GE’s directors shifted the goal line for the haul by cutting his targets in half...

Mentions: Investment Jeff Immelt Bloomberg