Loren D. Stark Company
Randall & Hurley, Inc.
EPIC Retirement Plan Services
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|Chevron Might Take Half-Billion Charge to Equity Due to Pension Fund Decline|
San Francisco Chronicle
Nov. 13, 2002
Excerpt: ChevronTexaco warned Tuesday that it may take a $500 million charge to stockholder equity at the end of the year because of the declining value of its employee pension fund. The pension fund has been hurt by the stock market's nose-dive and $100 million in payouts to laid-off workers, according to a regulatory filing.
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