View Single Post
Re: My Megacorp retirement plan changes - trends of the future?
Old 05-17-2007, 12:36 PM   #5
Thinks s/he gets paid by the post
Spanky's Avatar
 
Join Date: Dec 2004
Location: Minneapolis
Posts: 2,875
Yep! pension plans and other benefits are slowing getting less generous while pay, perks, and benefits for executives (upper management, e.g., CEO, COO, CFO) are getting more generous. As an example, the executives of Northwest airlines are to receive stock options in excess of $27 million as the company emerges from bankruptcy after the labor force had made various concessions, e.g., pay cut , reduced benefits to help the airline.
__________________
May we live in peace and harmony and be free from all human sufferings.
Spanky is offline   Reply With Quote