Bosses are back (if they do say so themselves). My latest with the indomitable Chip Cutter in the WSJ:… https://t.co/8aGwcbqhql— 1 day 17 hours ago via@theofrancis
Amazon.com founder Jeff Bezos isn’t paying $250 million simply for the Washington Post, its website, and a handful of smaller publications. He’s also getting an unusual financial asset: an extra dollop of the Post’s flush pension plan.
Air Products & Chemicals got some press recently when it was held up as an example of corporate America’s renewed dedication to paying CEOs only if they perform.
After years of steep underfunding, pension plans are now healthy, thanks to several years of double-digit investment gains and rising interest rates, separate studies from benefits consultants suggest.
Enron's bankruptcy may have wiped out most of the retirement savings of most of its workers. But one thing it didn't take away were the pensions of its most senior executives. Financial filings disclose that former Enron Chairman Kenneth Lay, for one, used a private partnership to protect millions of dollars worth of executive pension benefits.
At a time when scores of companies are freezing pensions for their workers, some are quietly converting their pension plans into resources to finance their executives' retirement benefits and pay.