{"id":367,"date":"2010-03-06T12:43:00","date_gmt":"2010-03-06T17:43:00","guid":{"rendered":"http:\/\/www.intuitiveinvestor.com\/web\/?p=367"},"modified":"2018-08-21T09:02:23","modified_gmt":"2018-08-21T13:02:23","slug":"the-ceo-of-ge-passes-on-his-2009-bonus","status":"publish","type":"post","link":"https:\/\/jasonapollovoss.com\/web\/2010\/03\/06\/the-ceo-of-ge-passes-on-his-2009-bonus\/","title":{"rendered":"The CEO of GE passes on his 2009 bonus"},"content":{"rendered":"<p><span style=\"font-size: 16px;\">Jeffrey Immelt, the CEO of General Electric, passed on taking a cash bonus in 2009.\u00a0 This marks the second straight year in which he has skipped his cash bonus.\u00a0 Needless to say, I consider Immelt&#8217;s choice to be appropriate corporate behavior.\u00a0 His total compensation increased 6.5% while the price of the stock was down 1.8% from December 31, 2008 to December 31, 2009.\u00a0 While there is a disconnect\u00a0between his compensation growth\u00a0and GE&#8217;s\u00a0stock market performance, I consider the gap to be mild.\u00a0 In general, I consider GE&#8217;s corporate governance to be good and hope that other businesses eventually adopt the sorts of standards that General Electric uses.<\/span><\/p>\n<p><span style=\"font-size: 16px;\">Details of GE&#8217;s compensation can be found in their SEC filed proxy statements.\u00a0 To find the company&#8217;s compensation practices, or any other company&#8217;s go to: <a href=\"http:\/\/www.sec.gov\/EDGAR\">www.sec.gov\/EDGAR<\/a>.\u00a0 There you can perform a search for any SEC filed document.\u00a0 The proxy statement is known as the DEF14A.\u00a0 Take a look if you are curious, I think a little time spent there is well worth the effort if you are a shareholder of any common stock.<\/span><\/p>\n<p><span style=\"font-size: 16px;\">Have a good weekend!<\/span><\/p>\n<p><span style=\"font-size: 16px;\">Jason<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jeffrey Immelt, the CEO of General Electric, passed on taking a cash bonus in 2009.\u00a0 This marks the second straight year in which he has skipped his cash bonus.\u00a0 Needless to say, I consider Immelt&#8217;s choice to be appropriate corporate behavior.\u00a0 His total compensation increased 6.5% while the price of the stock was down 1.8% [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[3],"tags":[],"class_list":["post-367","post","type-post","status-publish","format-standard","hentry","category-the-blog"],"_links":{"self":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts\/367","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/comments?post=367"}],"version-history":[{"count":0,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/posts\/367\/revisions"}],"wp:attachment":[{"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/media?parent=367"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/categories?post=367"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jasonapollovoss.com\/web\/wp-json\/wp\/v2\/tags?post=367"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}