#General Electric

Larry Culp has presided over thousands of layoffs and his bonus hasn't gone down well with many, including the GE labour union . (Representative Image/Pixabay)

  • Culp has been credited with stabilizing GE's finances through a series of austerity measures
  • The board launched a charm offensive over the summer to retain Culp
  • The head of the GE labor union called the package "absolutely outrageous"