GE's CEO Jeff Immelt gives up $12 million bonus
No one asked General Electric (GE) CEO Jeffrey Immelt to give up his $12 million bonus -- at least as far as anyone knows. But he did.
According to Reuters, "Jeff Immelt has waived his right to a bonus and performance-based pay that would have netted him more than $12 million in cash." The GE board approved that action. Immelt's salary will stay where it is at $3.3 million.
