31 December 2020
Big Money: General Electric boss secures $47 million bonus
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"
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