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In 2002 the business mogul's wife filed divorce papers that revealed that General Electric had been giving him about $2.5 million in perks each year, including the use of a Manhattan penthouse and jet and limo travel, even though he no longer worked as CEO of the company. This in addition to his $9 million annual pension. Welch agreed to write GE a check each year to pay for the perks. Observed one shareholder watchdog, while noting that Welch and other CEOs could easily afford to pay for the perks that corporate boards give them for nothing: "If you're very, very wealthy, nothing you buy will give you as much of a charge as getting something for free."