Word: corpe
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...beautiful blue Lewis Albert dress with furry white Mukluks and a fur parka. She slips into the bedroom to change. Soon, she is padding around the suite in bare feet with red pedicured toes. She is Elizabeth R. Whitman ’06, the CEO of Lewis Albert Corp., as well as the fit model for the collection...
Whitman and Remele co-founded Lewis Albert Corp. last summer. Remele, an experienced designer, spent the summer sketching about 300 designs, which he and Whitman eventually whittled down to 24 pieces. They hope to sell the line at upscale boutiques on the order of Manhattan’s Scoop and Intermix...
...collection has been selling briskly, although neither Lewis Corp. executive would offer specific numbers. If everything goes as planned, spring will bring another Lewis Albert runway show at Harvard, showcasing the fall 2006 collection, for which he now has a built-in clientele...
...cases are worse than the published data suggest, which becomes evident when bankrupt corporations dump their pension plans on the PBGC. Time after time, the agency has discovered, the gap between retirement holdings and pensions owed was much wider than the companies reported to stockholders or employees. Thus LTV Corp., the giant Cleveland steelmaker, reported that its plan for hourly workers was about 80% funded, but when it was turned over to the PBGC, there were assets to cover only 52% of benefits--a shortfall of $1.6 billion to be assumed by the agency...
...target. Bethlehem Steel eventually filed for bankruptcy, and the PBGC took over its pension plans--which were short $3.7 billion. The company, once America's second largest steelmaker, no longer exists. In the Top 50 pension deadbeats of 1990, the PBGC reported that the funds of Pan Am Corp., operator of what was once the premier global airline, had only one-third of the assets needed to pay its promised pensions. Pan Am does not exist today...