August 6, 2021 With diminishing pushback, executive bonuses in bankruptcy veer toward ‘entitlement’ By Maria Chutchian Earlier this year, some of Mallinckrodt’s creditors balked at the prospect of rewarding top executives of the bankrupt pharmaceutical company with bonuses when management was facing accusations of misconduct. But their complaints didn’t persuade the judge overseeing the… Read More »
Kiplinger: Can lnsurers Be a Pension Safety Net?
News From: Can lnsurers Be a Pension Safety Net? By Alina Tugend Pensions are complicated enough without employers passing the buck onto someone else, but increasingly, that is what’s happening. In exchange for buying a group annuity, employers are transferring their pension-paying obligations to life insurance companies, who pay the pension. The practice, known as… Read More »
Baby Boomers: As Retirement Benefits Become So-Called Corporate Liabilities, Retirees Fight Back
News From: As Retirement Benefits Become So-Called Corporate Liabilities, Retirees Fight Back By Jack Cohen June 29, 2021 The rules of engagement between employer and retiree have changed. When many Baby Boomers joined the workforce, it was a time when America was experiencing a growth spurt, industry was rapidly expanding and the market demand… Read More »
Summer 2021 Newsletter Now Available
Revenge of the retirees: Former Verizon workers look to clip executive pay packages
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