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Jeff Immelt Plunks Down His $2.6 Million Bonus On GE Stock

wochit business
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March 04, 2014 AT 7:30 AM
GE Chairman and CEO Jeff Immelt is not hedging his bets when it comes to his own company’s future. According to a Securities and Exchange Commission filing Tuesday, he just spent his entire 2013 bonus, about $2.6 million, on 104,900 shares of GE stock, scooping them up at $25.19 apiece. GE shares were last up 2.2% at $25.68, which means – at least on paper – he’s already made $51,401 on this deal.