New GE CEO Larry Culp inks stock-heavy contract worth up to $300 million if shares soar
October 05, 2018 at 09:46 AM EDT
Larry Culp, named GE chairman and CEO on Monday, will receive a compensation package of $21 million a year for the next four years, CNBC's David Faber reported Friday, citing people familiar with the deal. "If we get up 150 percent, we're talking $300 million," Faber said. The Wall Street Journal first reported the compensation package.