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Corporate Criminals.

“By the end of 2008, GE’s pension was running a deficit of $7 billion, and it exploded from there. Despite that shortfall, Immelt rewarded shareholders with stock buybacks, which are aimed at boosting the share price. Between 2010 and 2016, GE spent about $40 billion to buy back its own stock, according to FactSet.”

GE’s $31 billion pension nightmare

John Flannery, the man hired to fix General Electric, inherited a $31 billion ticking time bomb when he replaced longtime CEO Jeff Immelt last year.


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