#GE won&039;t claw back former CEO Jeff Immelt&039;s pay after private jet scandal - CNN

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GE won't claw back former CEO Jeff Immelt's pay after private jet scandal

GE won’t claw back former CEO Jeff Immelt’s pay after private jet scandal

“The board has concluded that the company has no sound legal basis to seek clawbacks or other litigation,” GE said in a statement. GE said that a “thorough investigation,” led by outside, independent counsel, did not find evidence of actionable misconduct such as material accounting errors, bad faith or efforts to conceal information. The decision was first reported by The Wall Street…