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GE’s Immelt Leaves Behind $31B Pension Deficit

The shortfall swelled as the company spent more than $45B on share buybacks to pacify activists.

It’s a problem that Jeffrey Immelt largely ignored as he tried to appease General Electric’s most vocal shareholders.

But it might end up being one of the costliest for John Flannery, GE’s newly anointed CEO, to fix.

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