AimPoint Pension
|
Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
|
Bates & Company, Inc.
|
Hall County Government
|
Regional Vice President of Sales The Retirement Plan Company
|
Compass
|
Loan & Distribution Specialist AimPoint Pension
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
Multibillion-Dollar Gamble Put GM Pension Funds on the Road to Independence
Allan Sloan in The Washington Post; subscription may be required July 11, 2005
Excerpt: GM launched [Project] Alpha in 2003 with an enormous gamble. It borrowed $13.5 billion with the biggest bond offering ever by a U.S. company and put that money (and $5 billion more from selling its stake in Hughes Electronics) into its pension funds. The Hughes cash was used for the funds' short-term needs; the borrowed cash was earmarked for Project Alpha investments.
|
Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |