General Electric's new CEO could rake in $300 million
ABC News 10 -

Larry Culp will be a hero on Wall Street if he can revitalize General Electric's lifeless share price. The new GE boss will also be about $300 million richer.

Culp secured a handsome pay package when he agreed on Monday to become the first outsider CEO in GE's 126-year history. He faces enormous challenges given GE's debt-riddled balance sheet, shrinking cash flow and slumping power division.

The four-year agreement, detailed in filings made public late Thursday, calls for Culp to receive an...


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