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General Electric shareholders are denying Larry Culp a $ 230 million payment General Electric shareholders voted against Larry Culp’s $ 230 million payment package on Tuesday, extending a wave of activism for investors over large bonuses in U.S. companies this year. According to the first results, 57.7% of shareholders rejected the payment packages of the industrial conglomerate for their directors. Investors opposed the fact that Culpen’s salary plan was rewritten last year in a way that would make it easier to earn bonuses during the pandemic. GE management extended Culp’s contract and reduced the share price, earned share bonuses and nearly doubled the share he would receive. ....