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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
....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...

Yet GE’s pension deficit has gotten so big, a misstep could risk leaving the separate units with commitments they ultimately can’t afford to pay
https://www.bloomberg.com/news/articles/2018-02-07/as-ge-bre...

You know it's shocking that Warren Buffett owned that dog for almost ten years and stood by a mute as the GE pension was trashed. More. Said nothing and people listen to Buffett because some still thinks he knows stuff.

Wells Fargo. IBM. General Electric. Apple. Buffett and Berkshire couldn't pick a decent stock if their life depended on. Should have retired two decades ago. At least Buffett kind of made his own pension nest egg for himself and good for him. I hope there will be the now standard SEC/regulator investigation of another one-time holding/current holding of Berkshire Hathaway. Broken down garbage.
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