GE boosted CEO Immelt's compensation in 2012
General Electric says its Chairman and CEO Jeffrey Immelt received compensation for 2012 that was 80 percent more than his pay in 2011.
The company, which makes products ranging from light bulbs to jet engines, gave Immelt a pay package valued at nearly $20.6 million, according to an Associated Press analysis of regulatory documents filed Monday. That compares with $11.4 million in 2011.
General Electric Co. gave Immelt a $3.3 million salary, unchanged from the prior year, and boosted his bonus to $4.5 million from $4 million.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)