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Investors, Brace Yourself for the Pension Bomb
Business WeekLink to more items from this source
Feb. 13, 2002
Excerpt: There's another big earnings booby trap lurking out there. Like other recent market stunners, companies set this one for themselves during the late 1990s when their traditional pension plan investments were earning outsize returns.... Now, of course, most pension-plan returns stink. And the effect on corporate profits will be anything but wonderful. Stock prices are already signalling the message: Poor pension-plan returns will depress earnings for years.

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