Concept time is money.


General Electric Co. said senior managers reporting to Chief Executive Larry Culp are giving up portions of their salaries for the rest of the year to help GE employees affected by the coronavirus pandemic. Senior vice presidents reporting to Mr. Culp pledged to forego 25% of their salaries, and vice presidents reporting to him will contribute 10%, a spokeswoman for the Boston-based industrial conglomerate said on Wednesday. GE said most of the money collected would go toward a relief fund designed to help workers and their families affected by the pandemic. Details of the fund, including its ultimate size, are still being worked out, the spokeswoman said.
To read the full post, please click here (sub may be required).

Comment on this article

You must be logged in to post a comment.