In response to the coronavirus pandemic, Henry Lawrence Culp, Jr., Chairman and CEO of GE, shared a message to the company’s employees which highlights the Aviation and Healthcare sectors of the business.
The message to employees included the announcement of Culp forgoing his full salary for the remainder of 2020, and David Joyce, Vice-Chairman of GE forgoing half of his salary.
By taking the actions mentioned in his letter below, Culp believes that the company will preserve $500m to $1bn in 2020.
“As COVID-19 continues to spread, the leadership team and I remain focused on three areas during these unprecedented times: protecting the safety of our employees, continuing to serve our customers in their critical time of need and preserving the strength of our businesses,” Culp says.
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