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General Electric shareholders reject CEO Culp’s pay deal – Reuters

A majority of shareholders at General Electric Co’s(GE.N)annual meeting rejected the pay packages for named executive officers, including CEO Larry Culp, whose…

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General Electric Co. Chief Executive Officer Larry Culp mingles with shareholders at the companys annual meeting in Tarrytown, New York, U.S., May 8, 2019. REUTERS/Alwyn ScottA majority of shareholders at General Electric Co’s(GE.N)annual meeting rejected the pay packages for named executive officers, including CEO Larry Culp, whose compensation for 2020 tallied $73.2 million.
According to preliminary results, 57.7% of shareholders rejected GE’s pay packages, a strong rebuke to executives of the…

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