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The Great American Pension Fund Robbery
BusinessWeek 
[Opinion] Sept. 2, 2003 Excerpt: But if pensions are under water, the cause is less a perfect storm than a leaky boat ravaged by pirates. For more than a decade, corporate sponsors of pension plans have been systematically looting them. The great pension raid is of a piece with the other accounting deceptions of the 1990s, and it had the same motivation -- to boost reported earnings and stock prices. MORE >> |
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