Word: johnson
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Dates: during 2000-2009
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...Pension Palpitations" report details, the S&P 500's pensions are now collectively underfunded by at least $115 billion. The problem stretches far beyond the finance sector. Five of the companies with the highest dollar amount of pension underfunding, according to the report, are Raytheon (underfunded by $1.6 billion), Johnson & Johnson ($1.5 billion), ExxonMobil ($1.4 billion), Macy's ($980 million) and Alcoa ($950 billion). "This is affecting the broad swath of companies that make up the fabric of what we call the 'real economy,'" says Mark T. Williams, a risk-management expert and finance professor at the Boston University School...
...firms' holdings at the start of the year were in equities. Those firms that bet most aggressively on stocks have been especially hard hit. For example, about 80% of Harley-Davidson's pension assets were invested in equities at the end of last year. Johnson & Johnson's (79% equities) and Exxon's (75%) funds have also been bruised. But the pension pain may be most acute for smaller outfits, some of whose obligations amount to more than 100% of their market capitalization. That category includes companies like Circuit City, whose obligation now amounts to 336% of its market capitalization, OfficeMax...
...hardly new. Abraham Lincoln embraced it when he surrounded himself with a “team of rivals,” putting aside grudges for the sake of preserving the Union. Dwight Eisenhower embraced it when he agreed to large-scale federal investments in the highway system. Lyndon Johnson embraced it when he lost a generation of Southern Democrats by signing the 1964 Civil Rights...
Silence. Dead silence. This is bad. What's going on? Have Martians invaded Earth? Can't be, right? But it's on the radio, and the radio doesn't lie. Is that smoke I smell? Why is old lady Johnson screaming next door? Holy hell...
...some degree, of course, Johnson is enjoying the honeymoon phase of his NBA career. How many times have we seen players break public bread with a new coach after his hiring only to toss it in his face a few months later? And at the end of the day, fans don't care if Mother Teresa is in charge of the refs: if Joey Crawford misses that goal-tending call at the end of a Lakers game or sends Kobe to the showers early, all of Los Angeles will be calling for his head. The refs need more than...