When the ISS, a hefty sized shareholder advisory group, suggested a "no" vote on Jeff Immelt's award of 2 million stock options in the month of April 2011, GE's payment committee needed to decide whether to rescind or amend the award or ignore the ISS recommendation.
Was Immelt's 2010 pay consistent with his operation? How would investors vote on the advisory "say on pay" ballot question at GE's annual meeting in April?
PUBLICATION DATE: July 12, 2011 PRODUCT #: 112003-HCB-ENG
This is just an excerpt. This case is about ORGANIZATIONAL DEVELOPMENT
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