GE’s top executives miss out on cash bonuses for the first time
From the Wall Street Journal:
General Electric (GE) didn’t pay a cash bonus last year to its top executives at corporate headquarters, which it said was the first time in the company’s 125-year history.
The Boston-based company said in a regulatory filing Monday that its board withheld the 2017 bonuses and canceled some 2015 equity awards that executives would have partly received. It cited the conglomerate’s struggles last year, which forced GE to slash its dividend, cut thousands of jobs, and overhaul its leadership…