WSJ: More GE executives forgo some pay amid coronavirus pandemic

THE WALL STREET JOURNAL reports:

General Electric Co. said senior managers reporting to Chief Executive Larry Culp are giving up portions of their salaries for the rest of the year to help GE employees affected by the coronavirus pandemic. Senior vice presidents reporting to Mr. Culp pledged to forego 25% of their salaries, and vice presidents reporting to him will contribute 10%, a spokeswoman for the Boston-based industrial conglomerate said on Wednesday. GE said most …

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Source: The Loadstar

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