Tuesday, October 18, 2011

New Book Details How Companies Plunder Pension Funds

Ever work for a company who jettisoned their pension plan or drastically reduced it's value?  Well, now there is a book that explains why and it's not for the reason you have been told.

Ellen Schultz has been writing for the Wall Street Journal for years, and much of that time has been about how corporations are systematically screwing their retired employees.  In her new book, "Retirement Heist - How Companies Plunder and Profit from the Nest Eggs or American Workers" she has compiled damming evidence of how corporations have not only cheated retirees, but have made big profits from doping so.  In many cases the pension plans contributed to the bottom line of companies and executives took credit for the profit.

It is an eye opening book and one that every person in the Occupy Wall Street movement should read and know by heart.  Powerful ammunition in the struggle against corporate greed and deception.

Watch her interview on Jon Stewart's show last night.

The Daily Show With Jon StewartMon - Thurs 11p / 10c
Ellen Schultz
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