Bibliograph

Retirement heist, how companies plunder and profit from the nest eggs of American workers, Ellen E. Schultz

Type

Label

Retirement heist, how companies plunder and profit from the nest eggs of American workers, Ellen E. Schultz

Language

eng

Bibliography note

Includes bibliographical references and index

Index

index present

Literary Form

non fiction

Main title

Retirement heist

Nature of contents

bibliography

Oclc number

466335763

Responsibility statement

Ellen E. Schultz

Sub title

how companies plunder and profit from the nest eggs of American workers

Summary

"An expose of the ways corporations manipulate retirement plans at employee expense. It's no secret that hundreds of companies, from GM to IBM, have been slashing pensions and health coverage for millions of retirees. Employers blame an aging workforce, stock market losses, and spiraling costs. But the so-called retirement crisis is no demographic accident- and large corporations have played a significant and hidden role in creating it. Award-winning Wall Street Journal reporter Ellen E. Schultz draws back the curtain on one of the biggest and least understood scandals in decades. She shows how companies: created the pension crisis by plundering billions from their pension plans; cut pensions for millions of mid-level, middle-aged workers, but used the savings to boost special executive pensions; purchase life insurance policies on employees and collect death benefits when they die- without telling them or their families This is a must read for all who are concerned about their financial future and that of the whole country"--, Provided by publisher

Classification