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

Last Updated: March 16, 2023 at 5:44 p.m. ET First Published: March 16, 2023 at 5:43 p.m. ET Salary, bonus target have not changed, according to filing General Electric Chief Executive Larry Culp agreed to a cut in compensation last year. AFP via Getty Images General Electric Co. Chief Executive Larry Culp has agreed to

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Salary, bonus target have not changed, according to filing

General Electric Chief Executive Larry Culp agreed to a cut in compensation last year.

AFP via Getty Images

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…

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