GE chief receives $15.2 million in 2006

The chairman and chief executive of General Electric Co. received $15.2 million in compensation last year, according to a company proxy.

Jeffrey Immelt, 51, was paid $3.3 million in salary, a $5-million bonus and $548,013 in other benefits, including private use of company airplanes. In addition, he was awarded performance share units valued at $6.3 million on the day they were granted last year. The performance units will convert into GE stock after five years if the company meets certain financial benchmarks, according to the proxy.