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Intentionmiddleof 7:54PM December 29, 2009
When are people going to realize that the way to rein in the excesses of big businesses is through more regulation and not market-based, trickle-down economic voodoo? For decades big biz has shown that the only people who matter to big biz are those at the top...not the rank and file workers who actually do the work that the business is in, not those in low and mid-level management who have to deal on a daily basis with company policies, just those in upper management.
From what the article says, in at least one instance the pension underfunding could have been totally eliminated by putting the money given to top execs into the pension plan. I think that any public company that has a pension plan that would be covered by the PBGC should have to submit to an audit that shows that all its obligations have been fully funded before giving out bonuses to top execs.
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Intentionmiddle of 7:54PM December 29, 2009
TGS of TX 9:55AM November 26, 2009