Baker Hughes CEO reportedly to receive millions from GE deal

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When Houston-based Baker Hughes Inc. (NYSE: BHI) merges with Boston-based General Electric Co.’s (NYSE: GE) oil and gas division later this year, some Baker Hughes executives are expected to receive eight-figure “golden parachute” payments. The Houston Chronicle reports that CEO Martin Craighead is expected to receive $41 million, a 40 percent increase from the $29 million he was set to receive had Halliburton Co. (NYSE: HAL) completed its acquisition of Baker Hughes last year. Craighead…


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