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David Joyce is the former Vice Chairman and CEO of GE Aviation, with a remarkable 40-year career at General Electric (GE). He first joined GE and immersed himself in the intricacies of the business, eventually leading the Aviation sector. Under...

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David Joyce

Ex-CEO of General Electric

Education

Bachelor's degree in mechanical engineering from Michigan State University and a master's degree in business finance from Xavier University.

Field of Expertise

Technology & Engineering - Engineering

Sector of Economy

Industrials

Born

December 1, 1957 - 67 years ago

CEO of General Electric for

12 years 3 months (Jun 2008 - Sep 2020)

Previous Experience

40-year veteran of GE, previously served in various leadership roles within GE Aviation.

Holdings

See how much did David Joyce make over time.

David Joyce holds over 1 million shares in GE, valued at about $170 million, which means his wealth is directly tied to the performance of the company. In 2019, he had a total compensation of approximately $23.8 million, highlighting the...

Mar 18, 2025

Total Stock Sold

$22.69M

GE

$22.69M

200,056.486 GE shares

What if they kept their stock?

If David Joyce didn't sell their stock, today they would have:
Extra GE200,056.486 shares worth $7.72M.
This is -65.99% and $14.98M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of David Joyce.

GE

549,000 shares

GE

Feb 11, 2021

Received

GE

$4.72M

GE at $29.56/share

Feb 3, 2017

Sale

Compensation History

See how much did David Joyce make over time.

In 2019, David Joyce received a total compensation of about $23.8 million, including a base salary of $1.83 million and a bonus of $3.1 million. His bonus was mainly due to the strong performance of the Aviation division, which recovered well despite external pressures like the Boeing crisis. However, in 2020, he opted to forgo his bonus amid challenging market conditions, opting instead to focus on long-term strategies. This approach underscores his commitment to the company's future, aligning executive compensation with performance metrics that benefit shareholders. His compensation plan reflects a blend of salary, bonuses, and equity, emphasizing the link between his pay and GE's operational success.

Year

2020

Total Compensation

$1.12M

Salary

$653.41K

Board Justification

The compensation philosophy emphasizes alignment with company performance, retention of key executives, and competitive benchmarking against peers.

Bonus

$0.00

Board Justification

Mr. Culp voluntarily forfeited his bonus for 2020, despite the 80% discretionary funding for the Corporate bonus pool.

Other

$463.80K

Board Justification

This amount reflects the change in pension value for Mr. Culp in 2020, which is part of his overall compensation package.

Restricted Stock

$0.00(0 Performance Shares)

Board Justification

No stock was vested in 2020 as the focus was on performance shares and other long-term incentives.

Performance Metrics

The performance metrics for determining compensation include operational execution, cost structure improvements, and debt reduction.

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