2014 pay: $20.5 million
2015 pay: $23.3 million
Last year, General Electric ($GE) CEO Jeffrey Immelt decided to steer the company toward heavy-duty machinery. Some analysts thought that this meant that GE would sell its life sciences unit. But at least for now, GE is holding onto the business and focusing on broadening its international reach.
The company under Immelt’s watch has funneled more cash into healthcare. Last July, GE Healthcare said it would spend more than $1 billion over the next 5 years to train more than 2 million global healthcare providers.
The program was meant to expand GE’s global footprint and build on its existing initiatives. GE Healthcare already has training initiatives including a program to train 100,000 healthcare providers in India.
Still, GE is committed to slimming down. Last April, the company revealed a plan that would sell most of its assets of GE Capital to create a “simple, more valuable company,” GE said in its 2015 annual report. The company plans to complete the transition by the end of 2016.
In 2015, Immelt got a base salary of $23.3 million, which included a $3.8 million base salary, $6.2 million in stock awards, $2.9 million in options and $7.6 million in non-equity incentives.
- here’s General Electric’s proxy statement
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