Word: pension
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...expensive medical care that many need. And the loss of primary wage earners has plunged many middle-class families - those who could afford a night out at the theater - into poverty. Chernetsova, for example, says her son's death leaves her without support. She lives on a monthly pension of $50. "I don't know how to survive," she says. Judge Gorbacheva rejected Trunov's requests to question the antiterror team's leaders, as well as public figures who visited the hostages during the siege. "The trial proceeded rather rapidly," Trunov commented, "because the court accepted neither witnesses nor evidence...
...Gerstner consistently achieved--and that Palmisano is promising for 2003. That pledge will be all the harder to keep at a time when Wall Street is taking a much closer look at earnings quality, especially at IBM, which, while doing nothing illegal, has been known for boosting earnings with pension income, asset sales and share repurchases...
...August, Sullivan was indicted on charges of securities fraud. He faces up to 65 years in prison. The California public-employees' retirement system--the largest state pension fund in the country--is suing to regain some of the $580 million it lost in the WorldCom debacle...
...decent return--but don't want to take on a lot of risk--have few choices. Many are turning to preferred stock, which comes in a handful of confusing varieties. There's convertible preferred, favored by investing legend Warren Buffett. Traditional preferred is bought mainly by insurance companies and pension-fund managers. But a relative newcomer, fully taxable preferred, is the best type of preferred stock to consider today, if a secure income stream is your goal...
...October into charges that she has mismanaged the office. Among the allegations: that she forced out a number of senior career staff members, improperly kept a gun in her office and ran up questionable travel bills. She is also under fire for delaying an audit of a Florida pension fund at the request of a top aide to Governor Jeb Bush...