As you are about to get your pensions and benefits screwed with and many people sent out the door, the fat cats continue to take care of their own. I guess they have to come up with their millions somewhere....
“ The package also includes a base salary of $2.5 million, an annual bonus that could reach $3.75 million, and equity grants that could reach $15 million per year, depending on Culp's and GE's performance.”
"... a one-time inducement award of PSUs that will pay out (except in the case of a termination of employment by the Company for cause or by Mr. Culp without good reason, and subject to proration in certain events) as a number of GE shares ranging from 2.5 million to 7.5 million shares, based on a GE stock price appreciation target ranging from 50% to 150% using the highest average closing price over 30 consecutive trading days during the four-year period from October 1, 2018 to September 30, 2022, with no payout for stock price appreciation of less than 50%”
Just remember though, it’s the salary and hourly chumps on the floor that are overpaid.