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GE (General Electric) 2010 Compensation/Salary of Executive Officers
Set forth below is the 2010 compensation for each named executive officer as determined under SEC rules. The SEC’s calculation of total compensation (reflected in the column entitled "Total”) includes several items that are driven by accounting and actuarial assumptions, which are not necessarily reflective of compensation actually realized by the named executives in 2010. To supplement the SEC-required disclosure, we have therefore included an additional column in the table below entitled "Total Realized Compensation,” which shows total compensation realized by each of the named executives in 2010.
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Name and Principal Position
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Salary
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Bonus
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Option Awards
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Change in Pension Value and Nonqualified Deferred Compensation Earnings
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All
Other
Compensation
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Total
Realized
Total Compensation1
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Jeffrey R. Immelt
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$3,300,000
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$4,000,000
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$7,400,000
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$6,338,956
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$389,809
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$21,428,765
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$5,845,124
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Chairman
of the Board and CEO
Keith S. Sherin
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1,680,000
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3,000,000
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4,070,000
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3,872,410
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187,031
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12,809,441
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6,197,979
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Vice
Chairman and CFO
John Krenicki
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1,400,000
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3,000,000
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4,070,000
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4,544,538
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192,238
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13,206,776
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5,764,387
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Vice
Chairman
Michael A. Neal
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1,825,000
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3,250,000
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4,070,000
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4,817,038
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226,639
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14,188,677
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6,945,415
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Vice
Chairman
John G. Rice
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1,825,000
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3,175,000
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4,070,000
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5,006,883
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248,259
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14,325,142
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5,580,957
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Vice
Chairman
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1 The amounts reported in the Total Realized Compensation column differ substantially from the amounts reported in the Total column required under SEC rules and are not a substitute for those Total amounts. Total Realized Compensation represents: (1) Total compensation, as determined under applicable SEC rules, minus (2) the aggregate grant date fair value of 2010 stock option awards (as reflected in the Option Awards column), minus (3) the year-over-year change in pension value and nonqualified deferred compensation earnings (as reflected in the Change in Pension Value and Nonqualified Deferred Compensation Earnings column), and plus (4) the value realized in 2010 from the vesting of RSUs or PSUs before payment of any applicable withholding taxes and brokerage commissions, including the value realized from the payment of any dividend equivalents. In addition, Total Realized Compensation reflects any bonus actually paid in 2010, whereas Total compensation under the SEC rules reflects any bonus earned for 2010. For more information on Total compensation as calculated under the SEC rules, see the narrative and notes accompanying the 2010 Summary Compensation table set forth.
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