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New GE CEO Larry Culp inks stock-heavy contract worth up to $300 million if shares soar

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.
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