General Electric Co. Chief Executive Officer Jeffrey Immelt’s compensation fell 35 percent to $21.3 million last year, as an oil and gas slump suppressed demand for industrial equipment and the company’s shares underperformed the market.
General Electric Co. is on a years-long quest to refocus on industrial-equipment manufacturing while shedding its financial operations -- a move that hasn’t been kind to Chief Executive Officer Jeffrey Immelt’s wallet.
Jeff Immelt doesn’t want to be told the oil price, doesn’t want to be shown a fistful of charts and isn’t interested in the lastest market predictions.
French utility EDF said today it had signed a preliminary agreement with Nuclear Power Corp of India Ltd (NPCIL) to build six nuclear reactors at Jaitapur, in the west of India.