Report of the Compensation Committee of the Board of DirectorsGeneral Electric Company
... Facts of the case • The Committee approves all the policies under which compensation is paid or awarded to the company’s executive officers. • The basic compensation program consists of: · Annual payments of salary and bonuses · Annual grants of stock options · Periodic grants of Restricted Stock Units (RSUs) · And other contingent long term financial awards Executive compensation payments and incentive awards were ultimately based upon: · The committee’s assessment of the Company’s executive officers. · The increasingly competitive demand for superior executive talent, · The Company’s overall performance, and · GE’s future objectives and challenges. CEO compensation package(1998) · For 1998, Mr. ... · The Committee also granted 500,000 stock options, which will become exercisable upon Mr. ... · Continued lifetime access to Company facilities and services. ... • Helps the entrepreneurial environment and spirit of a small Company. ... 4 Establish a cap on CEO compensation expressed as a multiple of pay of the lowest paid worker at GE.