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Read it at Financial Times
General Electric Chief Jeff Immelt decided to forego a bonus in 2009—the second year in a row he’s skipped out on the extra pay. Other execs at the conglomerate, however, are taking in a total of $11 million in bonuses. The payday comes as GE seeks to move away from investment into financial services and return to its core products. “GE must be an industrial company first,” Immelt wrote in a letter to shareholders Friday.