GE's CEO receives $89 million after share price surge

Larry Culp, CEO of GE Aerospace, received $89 million in pay last year, making him one of the highest-paid executives in the U.S. This follows a 45% rise in GE Aerospace's share price after the company's break-up was completed in April 2024. Culp's compensation included a $50 million stock bonus tied to financial targets through 2027. GE reported that his total compensation, including stock performance, reached $285 million. This marks a significant recovery for Culp after a shareholder rejection of a $230 million pay deal in 2021. GE's board expressed confidence in Culp's leadership, stating that his pay reflects the value he brings to the company. The board believes shareholders will support this compensation due to the strong performance of GE's stock.