General Electric Co Chief Executive Officer Jeff Immelt earned roughly 8 percent increases in his salary and cash bonus in 2014, the U.S. conglomerate said in its proxy statement on Tuesday, despite a sluggish performance by GE's shares last year. Immelt's salary rose to $3.75 million while his cash bonus increased to $5.4 million. The GE board's management development and compensation committee "believes that Mr. Immelt performed very well in 2014 and, as a result, awarded him a $5.4 million cash bonus," GE said in its proxy statement. According to the proxy, the compensation committee early in 2014 raised Immelt’s base salary, effective March 1 of last year, noting that it was Immelt's second salary increase since 2005.
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