Jeff Immelt defended his decision to cut General Electric’s dividend for the first time in 61 years.
GE unveiled plans in late February to reduce the quarterly payout from 31 cents a share to 10 cents, saving the company $9bn annually.
GE chief defends move to cut dividend pay-out
By Justin Baer in Orlando
Published: April 22 2009 20:11 | Last updated: April 22 2009 20:11
You have viewed your allowance of free articles. If you wish to view more, click the button below.
