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Retirement Heist: How Companies Plunder and Profit from the Nest Eggs of American Workers

Ellen E. Schultz




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 | #999864 in Books |  Portfolio Hardcover |  2011-09-15 |  2011-09-15 | Original language:English | PDF # 1 |  1.00 x6.10 x9.10l,1.05 | File type: PDF | 256 pages

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||3 of 3 people found the following review helpful.| Appalling truth in this excellent book|By JM|Using well funded pension plans to finance huge retirements for the executives, giant tax breaks and then saying the average retirees are the problem has been rampant in big business over the last 25 years. Cutting promised pensions and benefits to people already retired or nearly so is criminal but they got away with it. Read thi| |“A blistering examination of corporate greed and avarice. Essential reading for anyone who works for a living.”|Kirkus| |“A fascinating, troubling exposé and a sobering call to arms”|

"'As far as I can determine there is only one solution [to the CEO's demand to save more money]', the HR representative wrote to her superiors. 'That would be the death of all existing retirees.'"

It's no secret that hundreds of companies have been slashing pensions and health coverage earned by millions of retirees. Employers blame an aging workforce, stock market losses, and spiraling costs- what they call "a perfect storm" of external forces that has force...

You can specify the type of files you want, for your device.Retirement Heist: How Companies Plunder and Profit from the Nest Eggs of American Workers   |  Ellen E. Schultz. Which are the reasons I like to read books. Great story by a great author.

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