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GE CEO Immelt leaves US$31b pension shortfall for successor

Deficit biggest among S&P 500 companies as Immelt spends more than US$45b on share buybacks

New York

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.

At US$31 billion, GE's pension shortfall is

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