CEO Salary & Executive Compensation
General Electric GE
CEO: Larry Culp · Aerospace & Defense · 125,000 employees
Larry Culp, CEO of General Electric (GE), earned $18.0M in total compensation in 2024. General Electric receives a Pay-for-Performance grade of C (52/100), with a CEO-to-worker pay ratio of 180:1 and a say-on-pay shareholder approval of 92.1%. The company's 3-year total shareholder return is +2.7%.
How General Electric CEO Pay Compares
Larry Culp's $18.0M total compensation is 50% above the Aerospace & Defense industry median of $12.0M. The 180:1 CEO-to-worker pay ratio is 54% higher than the industry average of 117:1.
Total comp for Larry Culp as CEO of General Electric (GE) was $18.0M. Equity awards dominate the package — $9.0M in stock plus $2.2M in options — with base salary of $1.8M a small share of the total.
The CEO-to-median-worker pay ratio is 180x, meaning Larry Culp's $18.0M total comp is roughly that many times the median $100,000 earned by General Electric workers. The ratio is in the mid-range of S&P 500 disclosures and reflects the standard public-company compensation structure. Performance has been muted across the three-year window: 2.7% TSR, -3.7% revenue change. Stagnant performance combined with substantial CEO pay is the classic setup for proxy-advisor opposition on say-on-pay votes.
Say-on-pay support was strong at 92%. The Dodd-Frank-mandated advisory vote on executive compensation passes at most U.S. public companies with comfortable margins; meaningful dissent typically requires either pay-performance misalignment or specific governance concerns. General Electric operates in Aerospace & Defense with 125,000 employees and $67.9B in annual revenue, and currently carries a market capitalization of $210.0B. Pay comparisons across companies require controlling for these structural factors — a $20M package at a $10B-revenue tech company reads differently than the same package at a $1B-revenue industrial.
Source: SEC EDGAR — DEF 14A proxy statements for General Electric (GE).
Compensation Breakdown
Larry Culp's $18.0M total compensation package for fiscal year 2024 includes $1.8M in base salary, $9.0M in stock awards, $2.2M in option awards, and $2.7M in bonus and non-equity incentives.
Compensation History
| Year | Salary | Bonus | Stock Awards | Options | Non-Equity | Other | Total |
|---|---|---|---|---|---|---|---|
| 2024 | $1.8M | - | $9.0M | $2.2M | $2.7M | $2.0M | $18.0M |
| 2023 | $1.7M | - | $8.6M | $2.1M | $2.6M | $1.9M | $17.1M |
| 2022 | $1.6M | - | $8.1M | $1.9M | $2.4M | $1.8M | $16.2M |
All compensation data is sourced from SEC DEF 14A proxy filings submitted to EDGAR. The Economic Policy Institute's CEO pay analysis provides additional context on executive compensation trends across industries.
Named Executive Officers
Peer CEO Compensation
Larry Culp, CEO of General Electric (GE), earns $18.0M in total compensation. This includes base salary, stock awards, option awards, and other incentives as reported in the company's most recent DEF 14A proxy statement.
Frequently Asked Questions
Larry Culp, CEO of General Electric (GE), earns $18.0M in total compensation. This includes base salary, stock awards, option awards, and other incentives as reported in the company's most recent DEF 14A proxy statement.
General Electric has a Pay-for-Performance Score of C (52/100). The company's 3-year total shareholder return is +2.7%, and the say-on-pay shareholder vote passed with 92.1% approval.
The CEO-to-median-worker pay ratio at General Electric is 180:1. The median worker at General Electric earns $100K per year, while CEO Larry Culp earns $18.0M in total compensation.
General Electric employs approximately 125,000 people. The company operates in the Aerospace & Defense industry within the Industrials sector, generating $67.9B in annual revenue.