GE's $31 billion pension problem [MSN Money]
General Electric Company (GE)
Last general electric company earnings: 4/30 04:02 pm
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Source: MSN Money
© Simon Dawson/Bloomberg/Getty Images A GE logo sits on the box of a General Electric halogen lamp, produced by General Electric Co. (GE), in London, U.K. John Flannery hardly needs any more headaches. But at a time when General Electric Co. is facing what amounts to an existential crisis, a $31 billion deficit in its pension plan may complicate any turnaround that involves a breakup of the 126-year-old icon of American capitalism. Quotes in the article Divvying up the obligations won’t be easy. After all, GE owes benefits to at least 619,000 people. And retirees aren’t the only ones at risk. Ideally, breaking up a conglomerate as sprawling as GE would unlock value for shareholders, who have seen their stock fall 40 percent since the CEO took the reins from Jeffrey Immelt in August. Stronger divisions wouldn’t be dragged down by weaker ones, and each business would stand on its own financially. Yet GE’s pension deficit has gotten so big, a m
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GE
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