Industry giant General Electric to split into three public companies Industrial giant General Electric (GE) will split into three companies following years of stock underperformance, the company announced today.
General Electric shareholders reject CEO’s mammoth $73.2m pay package General Electric shareholders reject CEO’s mammoth $73.2m pay package A majority of shareholders at General Electric have rejected pay packages for senior officers, including CEO Larry Culp, who was set to receive a package worth $73.2m for 2020. Nearly 58 per cent of shareholders rejected GE’s pay packages, a strong rebuke to executives of the industrial company, which is in the middle of a [...]