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|The Pension Bombshell in the Fine Print: Lowering Predicted Pension Fund Returns|
Jim Jubak in TheStreet.com
May 20, 2002
Excerpt: Footnote 18 to a company's financial statements is an odd place to find a bombshell. But that's where you'll find the one Berkshire Hathaway dropped in its recent 10-K ... Warren Buffett's company cut its projected rate of return for its corporate pension plans to 6.5% for 2001, from 8.3% in 2000 ... And unless the stock market starts turning in regular double-digit quarterly gains in the next few months, it looks like other U.S. companies will have to follow Berkshire's lead.
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