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EA s efforts to catch up to its responsibility
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EA s efforts to catch up to its responsibility
gamesindustry.biz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gamesindustry.biz Daily Mail and Mail on Sunday newspapers.
EA changes executive compensation scheme, cuts execs 2021 pay
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General Electric shareholders reject CEO Culp s pay deal
By Jessica DiNapoli and Rajesh Kumar Singh
Reuters
NEW YORK/CHICAGO (Reuters) -A majority of shareholders at General Electric Co s annual meeting rejected the pay packages for named executive officers, including CEO Larry Culp, whose compensation for 2020 tallied $73.2 million.
According to preliminary results, 57.7% of shareholders rejected GE s pay packages, a strong rebuke to executives of the industrial company, which is in the middle of a challenging turnaround and has laid off thousands of workers. While we are disappointed with the preliminary results of the vote, we value and respect the views of the shareholders, the company said. The board will take those views into consideration as we evaluate executive compensation.