This blog features observations from Randy Turner, a former teacher, newspaper reporter and editor. Send news items or comments to firstname.lastname@example.org
Sunday, January 29, 2006
Executive pensions on the rise, while workers are left behind
A Los Angeles Times investigation shows that at a time when companies across the United States are eliminating employee pension plans, they are offering bigger and bigger pensions for their executives. As usual, they point to two lame reasons: They have to do it so someone else won't hire them away, and everybody else is doing it.