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As pensions dried up, four firms paid top execs $49.5M
[Quote:]
Top executives at four companies that jettisoned their employee pension plans received $49.5 million in retirement and severance benefits in the years before the companies filed for bankruptcy, while retirees saw their benefits cut by as much as two thirds, congressional investigators conclude in a report released Thursday.
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GTP – Grand Theft Pension
These crooks should be forced to make good with all of their ill-gotten gains, not to mention spending the next 50 years in the house that Bubba built…
@spaceman spiff — and that’s being kind…