RT @WSJPodcasts: Listen 🎧: Layoffs are spreading more broadly through corporate America, with manufacturer 3M, Dow Chemical and SAP… https://t.co/uXuGjmc919— 1 day 15 hours ago via@theofrancis
China’s top nuclear-weapons lab has regularly bought sophisticated U.S. computer chips in defiance of decades-old U… https://t.co/9VfsJPU7lB— 2 days 21 hours ago via@theofrancis
Great interview on AI, ChatGPT etc. by The Markup’s Julia Angwin, with Princeton’s Arvind Narayanan: https://t.co/02c5o6H6ai— 3 days 22 hours ago via@theofrancis
Before being forced out, Bed Bath & Beyond’s co-founders turned thrift, savvy merchandising & good timing into a co… https://t.co/qaPP1eJhQa— 4 days 20 hours ago via@theofrancis
@footnoted Oh wow. So glad you're all OK. What a nightmare.— 1 week 1 day 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.