Was just about to link the same article. It's sickening how much these CEO's make.
For those who want the stats from the SEC[0]:
(1) a base salary of $2,500,000 per year.
(2) a target annual bonus opportunity at 150% of base salary ($3,750,000).
(3) annual equity awards in the form of performance share units (“PSUs”)
that will have grant date fair values of $15,000,000, beginning in 2019.
(4) a one-time inducement award of PSUs that will pay out [...] 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% (This could net him $47,000,000 - $233,000,000!).
(5) cash severance in an amount equal to two times the sum of Mr. Culp’s base salary
and target annual bonus opportunity, in the event that his employment is terminated
by the Company without cause or by Mr. Culp for good reason.
For those who want the stats from the SEC[0]:
[0] https://www.sec.gov/Archives/edgar/data/40545/00000405451800...