GE to keep paying departing executive $89,000 a month

John Krenicki, who led Lawrence Park-based GE Transportation from 2000 to 2003, has left the General Electric Co., but he'll still be collecting a check.

A pretty substantial one, by most standards.

Krenicki, who was a vice chairman and head of the company's energy business when he left GE two weeks ago, will receive $89,000 a month for the next 10 years. The payment, according to a report in the Wall Street Journal, is being called a retirement allowance.
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