GE CEO Larry Culp agrees to $10 million cut in compensation

General Electric Co. Chief Executive Larry Culp has agreed to a cut in his compensation in response to shareholder feedback, according to a regulatory filing on Thursday.

“In response to prior shareholder feedback, the committee and Mr. Culp agreed to reduce his annual equity incentive grant for 2022 from a grant date fair value of $15 million to $5 million,” the filing said.

Culp’s…

Source: https://www.marketwatch.com/story/ge-ceo-larry-culp-agrees-to-10-million-cut-in-compensation-561c36df?siteid=yhoof2&yptr=yahoo