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https://finance.yahoo.com/news/gene...ive-bonuses-first-time-004427878--sector.html
General Electric axes top-executive bonuses for first time
Reuters - March 12, 2018
NEW YORK (Reuters) - General Electric Co last year eliminated bonuses for its senior managers for the first time in its 126-year history, saving millions of dollars after losing money in 2017, the industrial conglomerate said on Monday.
All but one of its top executives did not receive a bonus, the company said. The changes led to steep declines in compensation and reflected the company's poor results in 2017, according to the company's annual proxy.
...
"We are holding leaders accountable for performance," GE said in the proxy, noting operating profit fell 11 percent and that the amount in its bonus pool fell 75 percent. GE reported a net loss of 72 cents a share last year.
General Electric axes top-executive bonuses for first time
Reuters - March 12, 2018
NEW YORK (Reuters) - General Electric Co last year eliminated bonuses for its senior managers for the first time in its 126-year history, saving millions of dollars after losing money in 2017, the industrial conglomerate said on Monday.
All but one of its top executives did not receive a bonus, the company said. The changes led to steep declines in compensation and reflected the company's poor results in 2017, according to the company's annual proxy.
...
"We are holding leaders accountable for performance," GE said in the proxy, noting operating profit fell 11 percent and that the amount in its bonus pool fell 75 percent. GE reported a net loss of 72 cents a share last year.