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Mr. Ivester is leaving Coca-Cola with a very generous retirement package.
Because they have an asset – a promise to pay a fixed and generous retirement package – and instructed fund managers to seek the best returns possible to meet a deficit in the pension scheme.
Gov. George W. Bush of Texas this weekend defended the generous retirement package that his running mate, Dick Cheney, received from his former employer as a standard practice for a company executive.
Perhaps not, but it would be cheaper for the state and better for employees to pay more now and receive less generous benefits later.A generous retirement package was more of a draw when people worked a lifetime for the same employer.
Earlier this year Mr. Hirsch, the 70-year-old show-business lawyer whose clients include Julia Roberts, Jennifer Lopez, Michelle Pfeiffer and Francis and Sofia Coppola, was offered what some would consider a generous retirement package by the younger shareholders in Armstrong Hirsch Jackoway Tyerman & Wertheimer, a premier entertainment law firm that Mr. Hirsch helped found here 24 years ago.
It was a divorce-court filing by Jane Beasley Welch Jane Beasley Welch that revealed the details of her husband's generous retirement package.
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Take the painful question of the huge public sector, and all those civil servants with jobs for life, and unusually generous retirement packages.
"Hear us loud and clear — your leaders may get generous retirement packages, but you will be left to face the justice of the law and the anger of the people," the newsletter warned.
The executives of the corporations now in trouble have already pillaged the firms, not only through salaries but also through special bonus grants, stock options and overly generous retirement packages.
The eagerness to borrow demonstrates that many major municipalities are struggling to meet their pension obligations, which have risen partly because of generous retirement packages for public employees, and partly because turbulence in the stock market has slowed the pension fund's growth.
Officials in both cities say paying into employees' generous retirement packages pushed their municipalities into dire financial straits.
More suggestions(16)
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com