US conglomerate General corporation ( GE ) did not grant compensation in 2017 to CEO bill Flannery , along with other executives . Just one company executive , David Joyce , the CEO for GE Aviation , received a bonus , valued at $ 1.4 m , for the year . This was the first time in the firm ’s history that such bonuses were not granted . Despite this , the $ 9 million Flannery was paid for his first year in post was still 157 times higher than that of GE ’s median employee . GE shares have fallen 20 % over the past year .
US conglomerate General Electric (GE) did not award bonuses in 2017 to CEO John Flannery, along with other executives. Just one company executive, David Joyce, the CEO for GE Aviation, received a bonus, valued at $1.4m, for the year. This was the first time in the firm’s history that such bonuses were not granted. Despite this, the $9m Flannery was paid for his first year in post was still 157 times higher than that of GE’s median employee. GE shares have fallen 49% over the past year.