Word: pensioneer
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...murder of some 7,000 Muslim men and boys at Srebrenica in 1995. But for many Serbs, he is still considered a war hero. Initially, Mladic found protection under the regime of Slobodan Milosevic, but even after he was forced from office in 2000, Mladic continued to receive a pension from the Serbian military. The general was last spotted in public in Belgrade in 2005, where he had spent several years moving from one apartment to another to escape detection...
Discussions of the U.S. auto industry's woes often break down into something like those old Miller Lite tastes-great/less-filling debates: The cars aren't good enough! The pension and health-care costs are too high...
...cost paid in management attention and focus may be even greater. The single greatest stroke of Rick Wagoner's seven-year tenure as GM CEO, for example, was probably his well-timed decision to use $18 billion in mostly borrowed money to shore up the pension fund in 2003 (yes, $18 billion does seem to be something of a magic number here). That move, coupled with the stock market's subsequent rise and the investment savvy of GM's pension managers, may well have averted bankruptcy. Can it be any surprise that the company's board would rather have...
...country's manufacturers began to struggle with foreign competition in the 1970s, some retirees got shafted, and lawmakers and regulators responded with new rules that were intended to protect pensions and retiree health insurance but instead scared most companies away from even offering them. Pension plans have given way to 401(k)s, in which employees bear all the risk, and the Employee Benefit Research Institute says only 13% of U.S. private-sector employers now offer health benefits to retirees...
...Israel. On Wednesday, Sen. Barack Obama, the Illinois Democratic presidential hopeful and advocate for withdrawing most U.S. forces from Iraq within a year, joined with Democratic Congressmen Barney Frank of Massachusetts and Tom Lantos of California to propose legislation that would encourage individual and institutional investors, such as state pension funds, to dump stock implicated in trade with Iran...