General Electric CEO gets $73.2mn compensation despite waiving pay

General Electric CEO Larry Culp received a $73.2 million compensation in 2020 despite waiving most of his salary and all of his bonus. Of this, around $72.1 million was in the form of stock awards that he can cash in after reaching certain targets in the future. Culp earned a salary of $650,000 before disavowing his pay due to COVID-19.