By James McRitchie
“According to last year’s proxy statement, a substantial proportion of executive compensation for 2016 was based on performance targets, including earnings per share (EPS).
We support performance metrics that align senior executive pay with long-term sustainable growth. However, using EPS ratios to calculate incentive pay at a time when GE is aggressively repurchasing its shares reduces that alignment, artificially boosting EPS and executive pay.”…
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