GE’s Immelt Earns $37 Million for 2014 After Business Revamp
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General Electric Co. Chief Executive Officer Jeffrey Immelt’s compensation almost doubled in 2014 to $37.3 million as his pension soared and he signed the company’s largest-ever acquisition.
Immelt’s pay included a $5.4 million bonus, and his base salary rose 8.2 percent to $3.8 million, GE said Tuesday in a filing with the U.S. Securities and Exchange Commission. His pension drove an 88 percent surge in his total pay. Excluding the change in value, he earned $18.9 million, GE said.