Business
GE's Money Pit: How a $15 Billion Hole Could Get Costlier to Fix
- Once an afterthought, insurance unit is now a big cash drain
- Offloading the liabilities seen as “prohibitively expensive”
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Jack Welch built it, Jeff Immelt milked it and John Flannery failed to fix it.
Now Larry Culp must figure out what to do with the troubled remnants of GE Capital, the finance arm that nearly sank General Electric Co. a decade ago.