Deals
GE’s $31 Billion Problem
- Industrial giant’s pension hole is worst for S&P 500 companies
- A misstep could overburden divisions with unfunded obligations
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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.