Economics
The $31 Billion Hole in GE’s Balance Sheet That Keeps Growing
- Pension shortfall is the biggest among S&P 500 companies
- Top brass ‘living in fear’ of activists with short-term goals
GE's New Head Will Target Cash, Growth
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It’s a problem that Jeffrey Immelt largely ignored as he tried to appease General Electric Co.’s most vocal shareholders.
But it might end up being one of the costliest for John Flannery, GE’s newly anointed CEO, to fix.