GE Investors Approve Executive Pay, Reject Plan to Appoint Independent Chairman

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General Electric shareholders approved the company’s executive compensation plans and rejected a proposal to appoint an independent chairman, but both measures drew high levels of protest votes

TARRYTOWN, N.Y.—General Electric Co. shareholders approved the company’s executive-compensation plans and rejected a proposal to appoint an independent chairman, but both measures garnered high levels of protest votes after two difficult years for the conglomerate.

At its annual meeting, GE said about 30% of votes that were cast voted against GE’s executive-compensation plans and about 27% voted in favor of separating the roles of chairman and chief executive officer.

Source: News Formal (newsformal.com)

 

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I once voted to strip BoA CEO / Chairman of both titles - pick one or the other. It worked for a while, then Brian simply changed his mind (and they didn't have an electoral college 🤣🤣🤣🤣). Sold my GE stock years ago. It still sucks

TheJusticeDept The DOJ let $GE of the hook with a slap on the wrist... Shareholder approved vote? Revamped Board? 😹 Criminal enterprises working overtime

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