COVID Stimulus Watch Individual Entry

Recipient Company:

General Electric Co

Loan or Loan Guarantee Amount:

$5,257,425

Recipient Details

Ownership Structure: publicly traded (ticker symbol NYSE: GE)

Award Date: Jun 28, 2020

Award Type: loan

Award Details: Amount represents the purchase price of company bonds bought by the Fed.

Program Name: Secondary Market Corporate Credit Facility

Legislation: CARES

Awarding Agency: Federal Reserve

Data Source for Award:

Parent Company: General Electric

Headquartered in: Massachusetts

Parent Sector: diversified

Parent Industry: diversified

Employees (prior to pandemic): 205,000

Employment-related Penalties: $12,087,163

Government-contracting-related Penalties: $41,830,180

Environmental / Healthcare / Safety Penalties: $42,893,380

Consumer Protection / Financial / Competition-related Penalties: $1,830,749,248

Ratio of CEO Pay to that of Median Worker: 486 to 1

CEO Compensation: $24,553,788

Worker Median Pay: $50,471

Total Federal, State, and Local Subsidies: $1,817,638,909