COVID Stimulus Watch Individual Entry
Recipient Company:
General Electric Co
Loan or Loan Guarantee Amount:
$1,085,091
Recipient Details
Ownership Structure: publicly traded (ticker symbol NYSE: GE)
Award Details
Award Date: Sep 8, 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:
https://www.federalreserve.gov/publications/reports-to-congress-in-respo...
Parent Company Data
Parent Company: General Electric
Headquartered in: Massachusetts
Parent Sector: diversified
Parent Industry: diversified
Employees (prior to pandemic): 205,000
Accountability Issues Since 2010
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
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