Ellen E. Schultz

This book is a must read for anyone with a pension provided by their employer. Especially for anyone whose employer has frozen/restructured their retirement plan. It exposes a lot of the truth about why private pensions are an endangered species. It is primarily the greed of the executives and management of the pension plan to provide boosts to earnings that result in raises for the executives. The private pensions are also used to help support the unfunded executive pension plans. The primary cause of underfunded private pension plans is the unfunded liabilities of the executive and overseas pension plans, not the pension plans of the peasants as they are described by the executives. The book title is Retirement Heist by Ellen Schultz.… (altro)

Great book. Read it and weep. Corporate America continues to transfer wealth away from the middle class to the upper class. Showing no sense of responsibility, they feel no remorse in denying retirees pensions and health benefits. Ellen Schultz backs up all her assertions with real examples. She gets behind the double talk from all the fortune 500 companies that have no problem saying or doing what they need to in order to maximize the bottom line and their paychecks. The evidence keeps mounting that the last 30 years have given us the same distance between the upper class and lower class that existed 200 years ago.… (altro)