General Electric axes top-executive bonuses for first time
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.
