Word: corpe
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Neither development greatly imperils the retirement income you have already earned, which is guaranteed by the Pension Benefit Guaranty Corp. But a severely underfunded pension signals a financially strapped organization, one that may scale back future benefits outside the pension plan. Dozens of companies, including Ford and Sears, have reduced retiree health-insurance benefits this year...
...already doing photo shoots for magazines, so I thought, 'Why not?' I didn't want to look back at 65 and wonder 'what if?'" Ultimately, Chen opted to sign not with EEG but with Century Elements, the new artist-management and recording subsidiary of China International Trust & Investment Corp. (CITIC). The deal was championed by Li Bolun, chairman of the company and another of Chen's father's friends...
Fall Vintage Trying to find the perfect wine for a big occasion? We asked three experts--MADELINE TRIFFON, wine director for Detroit's Unique Restaurant Corp.; JAY JAMES, wine director for the Bellagio hotel in Las Vegas; and KEVIN ZRALY, author of Windows on the World Complete Wine Course--what they would give or serve for the following occasions...
...Back Bay" on the off-shore wind farm proposed for the Atlantic Ocean near Cape Cod, Mass. [SCIENCE, Sept. 30], the typical shortsighted vision of corporate America is once more on display. The former CEO of Phelps Dodge Corp., a massive copper-mining company, is concerned because his view of the bay may be tarnished by the presence of an environmentally sound, renewable source of energy. And this comes from a man whose wealth was built in part on a nonrenewable resource, the extraction of which has ruined beautiful landscapes across the globe! It's clear to me why corporate...
...economic policy and rapacious local businessmen out to gain by hook or by crook contribute to what global investors call "political risk." It's something Indonesia has in spades. In June, in an apparent power struggle with its former Indonesian partner, a local unit of Canadian insurer Manulife Financial Corp. was declared bankrupt by a domestic court despite the fact that the operation was solvent and profitable. The inexplicable decision, made because Manulife didn't pay a dividend to shareholders in 1999, was later overturned, but not before the case received international publicity. Partly due to the experiences of companies...