Fewer and fewer people want to work at IBM and those left in there that have any skill or future are all planning their exits. The carefully designed move should capture the attention of other over-funded plans, some of whose surpluses range into the billions. Habel believes Ethyl won't be the only pension plan to restructure itself in this way. It's not an easy process, but I predict that once we are out of the gate with this, other companies are going to be looking at it. Our surplus is peanuts compared to what's out there - billions, at some plans.
Topics covered include CEO compensation and corporate trust.
Options and young turks aren't going to save the company. It's the combination experience from the old folks, mentoring of the young and good teamwork that's going to save the company. Yes, Veto the Tax Bill . That's what he ought to do. The limited amount of good the bill would do is not remotely worth the cost.