book details how corporations plunder pension funds...

[mrplunkey]

think corporate america would fight that TOOTH AND NAIL? I do now. If Immelt heard you say that he would slap your mouth and tell you to stfu and know your role. I'm not joking about that. It's pretty apparent now the epic amount of corruption and greed that is going on in this country and companies like GE are at the forefront of it.

Wow... just wow.

You do know companies would loooove to move away from those antiquated defined benefit plans and change over to defined contribution plans, don't you?

 

[redsamurai]

Wow... just wow.

You do know companies would loooove to move away from those antiquated defined benefit plans and change over to defined contribution plans, don't you?

No i don't know, especially not after what I just read. They've been using these plans as dip funds so no, I think Immelt would still slap you. If corporate america specifically got congress to pass laws so they could do this shit, why would they give it up? They're keeping their employees money in-house instead of letting them go off with it and do their own thing. They've been paying their golden parachutes with these pension funds so wow on you, did you not read the link? just wow.

 

[PICK3]

wow! You 2 are Mo's!

 

[mrplunkey]

No i don't know, especially not after what I just read. They've been using these plans as dip funds so no, I think Immelt would still slap you. If corporate america specifically got congress to pass laws so they could do this shit, why would they give it up? They're keeping their employees money in-house instead of letting them go off with it and do their own thing. They've been paying their golden parachutes with these pension funds so wow on you, did you not read the link? just wow.

Think of a defined benefits plan as a steaming pile of shit.

Playing games with the accounting and raiding the cash from the funds is like handling the pile of shit with a pooper-scooper instead of having to use your hands. At the end of the day, you're still handling a pile of shit.

 

[redsamurai]

Think of a defined benefits plan as a steaming pile of shit.

Playing games with the accounting and raiding the cash from the funds is like handling the pile of shit with a pooper-scooper instead of having to use your hands. At the end of the day, you're still handling a pile of shit.

a pile of shit that you can apparently turn into a giant golden parachute....better get those hands up cause Immelt is still comin.

 

[SpyWizard]

Think of a defined benefits plan as a steaming pile of shit.

Playing games with the accounting and raiding the cash from the funds is like handling the pile of shit with a pooper-scooper instead of having to use your hands. At the end of the day, you're still handling a pile of shit.

they don't have to do this any more... the gov just "loans" them $500 million

chapt 13 and the retirement funds go away under a restructure..

 

[mrplunkey]

they don't have to do this any more... the gov just "loans" them $500 million

chapt 13 and the retirement funds go away under a restructure..

I'm massively against pension bailouts, especially union and public union ones

 

[redsamurai]

is someone's cheek stingin?

 

[mrplunkey]

is someone's cheek stingin?

English?

 

[redsamurai]

english?

swack!!!