Being a shareholder, I am suffering huge time when these big wigs legally rob the company.. How do you rewrite what these CEO's should receive when they are part of the problem, especially when the company is mismanaged by them. Look at IMMELT and what HE DID!!! They leave the company in shambles, take their millions, deposit it in their bank accounts and go on with life. COMPARE WHAT AN EMPLOYEE GETS TO THESE BIG WIGS. THE PROB STARTS THERE IN MY OPINION... U RUINED MY RETIREMENT IMMELT...………………………………………………...
General Electric's ousted CEO Flannery to get $4.25 million severanceGeneral Electric Co. will pay former Chief Executive John L. Flannery $4.25 million in severance pay over the next 12 months, the industrial conglomerate said in . The severance will be paid in equal installments over the period, the company said. Flannery also will be eligible to receive a prorated long-term performance award payment, the company said. In addition, Flannery's outstanding stock options and restricted stock units granted before September 2017 and that would have vested through December 2020 "will vest as soon as practicable," GE said. Stock options that would have vested after December 2020 will be canceled. Flannery, a 32-year GE veteran, will also at age 60 have access to GE's supplementary pension plan. Flannery, who led GE from August 2017 to October, will be subject to a 12-month non-compete agreement, the company said.