https://www.businesswire.com/news/home/20191007005406/en/GE-Announces-U.S.-Pension-Plan-Actions
10 replies (most recent on top)
Exodus is upon us once again.
According to his contract, if GE's stock rises 150 percent, Culp gets 7.5 million shares at $31 a share – or about $233 million. Added to his annual pay and awards, Culp could bring in as much as $317 million. The payout will be in 3rd quarter of 2022.
Do you you really think he is going to let our Pension get in the way of his massive payday?
Did you really think Culprit would be your buddy?
Anyone making more than me should be taxed at 50% because they’re terrible, undeserving people, amiright?
Those making 200k Plus and above should be flat taxed @ 18% on a pay as you earn.
#DrainTheSwamp
When some money boast, I hope the IRS and others listen.
Just think...this all could have been avoided if Two Jets and the Board would have used the tens of billions of dollars to fund the Pension shortfalls instead of using the money to buy back the worthless stock.
To the person with advance layoff knowledge (in the buddy network) who decides that trolling a soon to be laid co-worker in front of his family was "OK"!?
Soooo, how does it feel to be the latest sacrificial meat on the chopping block? Planning any vacations soon? Still have a reliable vehicle? What are your plans over the summer?
Unlike you, I hope your job and pension remains intact, especially for any dependents, but WATCH OUT you don't become a casualty of the cannibalistic "kool aid" network you became too drunk on and helped proliferate.
The stupidity and incompetence of the overpaid individual contributors has crippled this company for years. Hopefully the savings can be used to make senior executive compensation more competitive with the industry, maintaining our true top talent.
It is about time. We need drastic action to get stock moving. Cannot stop due to pensions of workforce that has not produced a positive result in years.