Getting your player ready...
FAIRFIELD, Conn. — General Electric chief executive Jeffrey Immelt and chief financial officer Keith Sherin agreed to hold at least 90 percent of the shares they already own as a condition of Warren Buffett’s investment in the company.
Buffett’s Berkshire Hathaway bought $3 billion in preferred shares that pay an annual 10 percent dividend and are callable after three years at a 10 percent premium, GE said Monday.
