Larry Culp Locks Up $47 Million Payday by Winning Over GE’s Doubters
- Company tops industrials in vaccine-fueled fourth quarter rise
- CEO’s turnaround plan shows signs of progress with much to go
This article is for subscribers only.
Two years into Larry Culp’s tenure atop General Electric Co., any number of existential concerns remain, from the company’s pandemic-battered jet engine business to its still-bloated debt load to an uncertain strategy for longer-term growth.
But in a sign of just how successful Culp’s rescue plan has been at stabilizing GE’s finances and buoying investor sentiment, he has scored a major prize.