Many have been criticised for not having done so, so we should congratulate Mr. Immelt for standing up and doing the right thing.
Onésimo Alvarez-Moro
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The conglomerate, the General Electric Company, said Wednesday that its chief executive Jeffrey R. Immelt had declined his 2008 bonus as the company’s share price has dropped amid deteriorating economic conditions.
G.E., which is based in Fairfield, Conn., and makes everything from locomotives to household appliances, said in a filing with the Securities and Exchange Commission that Mr. Immelt would also forgo his $11.7 million long-term performance award.
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