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GE stalls executive bonuses, but CEO still earns 157 times more than average worker

General Electric Co. Chief Executive John Flannery and other top company executives received no bonuses in 2017, but the $9 million Flannery was awarded in his first year as CEO still managed to be 157 times higher than the salary of the company’s median employee.

GE GE, +1.07% said in a filing late Monday that Flannery’s salary was set at $2 million, plus stock options, pension and deferred compensation and other monies that took his total pay package to $9 million for the year.

“The compensation committee did not award Mr. Flannery a bonus (with his concurrence), despite the 24% funding for the company bonus pool,” GE said in the filing with the Securities and Exchange Committee.

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