 |
 |
|
|
|
||||||||||
|
||||||||||
|
|
|||||||||
|
||||||||||
If a proposed pension standard had been around in 2005, 100 big companies would have added a total pre-tax charge to shareholder equity of $222 billion, a new study finds.
David M. Katz, CFO.com | US
April 13, 2006
THE PUBLIC HAS A RIGHT TO KNOW THE TRUE FINANCIAL POSITION OF THESE COMPANIES. ALLOWING THESE LIABILITIES TO GO UNRECORDED WILL CAUSE MORE DAMAGE THAN FORCING THESE COMPANIES TO DEAL WITH THE REALITY TODAY.
Posted by jeffrey tilton | April 15, 2006 09:56 pm
These huge outmoded, illconceived plans should be junked (frozen or terminated)and replaced with 401K's as fast as possible. They are a product of 50+ years ago when few people lived past 70 and the amounts paid were very modest. They are now a product of a welfare state, way too expensive and simply don't work any more.
Posted by GARY CADEMARTORI | April 13, 2006 06:24 pm
© CFO Publishing Corporation 2009. All rights reserved.