Immelt leaves $12m on the table

Help, I’m Immelting

With executive compensation such a hot topic around the halls of power these days, General Electric CEO Jeff Immelt sure picked a good place to announce he was forgoing his $12 million bonus: at a Georgetown cocktail party Tuesday night populated by the city’s rich and influential.

The occasion was a soiree thrown by the Financial Times, with Immelt as its guest. (Unsurprisingly, the paper was the first to break the news.)

On hand to hear of Immelt’s largesse: Chris and Kathleen Matthews, Bob Woodward, Luke Russert, superlawyer Bob Barnett, Canadian Ambassador Michael Wilson, Mexican Ambassador Arturo Sarukhan Casamitjana, Egyptian Ambassador Sameh Shoukry, Special Olympics chief Tim Shriver and Americans for Tax Reform’s Grover Norquist.

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