The more reasonable and ethical CEOs are emerging…
GE CEO Immelt won’t get bonus in 2008, by Steve Goldstein – Marketwatch
** Chairman and CEO Jeffrey Immelt won’t get a bonus in 2008, and he is declining the entire $11.7 million earned under his long-term performance award, the industrial bellwether said in a filing to the Securities and Exchange Commission. GE’s Management Development and Compensation Committee “accepted Mr. Immelt’s proposal as appropriate recognizing that, although the company delivered a strong operational performance in 2008, this performance was not reflected in GE’s stock price.” **
This will help to place a spotlight on the weenies! May a landslide follow.