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Retirement Heist: How Companies Plunder and Profit from the Nest Eggs of American Workers
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"'As far as I can determine there is only one solution [to the CEO's demand to save more money]', the human resources 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 forced them to take drasti...
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