GE CEO could reap more than $200M if stock slump reversed [MSN Money]
Danaher Corporation (DHR)
Last danaher corporation earnings: 1/30 06:00 am
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Source: MSN Money
(Bloomberg) -- General Electric Co.’s new boss could receive $21.3 million in annual compensation and earn shares worth more than $200 million -- but only if he manages to reverse the company’s deep stock slump. That already looks like a decent bet. The shares surged Friday after GE revealed a pay package that depends heavily on Chief Executive Officer Larry Culp’s ability to engineer an epic share rebound. Aside from a $2.5 million annual salary, the rest of his compensation -- including a $3.75 million target bonus, an annual long-term incentive of $15 million and a big grant of shares -- will only be paid out if he meets certain goals, GE said in a regulatory filing late Thursday. “Larry is a proven executive with a long track record of superior execution, and the board’s package to attract Larry is overwhelmingly tied to performance,” the maker of gas turbines and jet engines said by email. “Nearly 90 percent of his annual pay will be at risk.” © Bloomberg The
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DHR
Earnings
- 1/30/24 - Beat
DHR
Sec Filings
- 4/12/24 - Form PX14A6G
- 4/1/24 - Form S-3ASR
- 4/1/24 - Form 25-NSE
- DHR's page on the SEC website