WSJ - GE is splitting its energy division into 3 parts and a 50-year old energy executive has split with a retirement package estimated at $28.3 million. The deal includes a non-compete for 3 years. A monthly allowance of $ 89,000 also has been given Mr. John Krenicki for 10 years. He is also maintaining eligibility in a further pension plan when he turns 60. The generosity is part of a GE Plan labeled "retirement for the good of the company". It goes without saying it's a good one for Mr. Krenicki also.
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