Angelides Calls For Offshore S&P 500 Delisting
December 11, 2002 (PLANSPONSOR.com) - Calling them "not bona fide American companies" and "a poster child for the kind of corporate behavior that repels most US citizens," California...
Administration
CalSTRS Sues Qwest, Bankers Over $150 Million Loss
December 11, 2002 (PLANSPONSOR.com) - The California State Teachers' Retirement System (CalSTRS) has sued Qwest Communications and a handful of top banks and financial services companies alleging the...
Health Care, Stock Options Weigh On CFOs
December 11, 2002 (PLANSPONSOR.com) - Chief Financial Officers (CFO) rank health care and stock option issues as very important to their company in 2003, but see growth in...
Religious Investors Turn up the Heat on Governance Issues
December 11, 2002 (PLANSPONSOR.com) - A coalition of religious orders and environmentally activist investors have unveiled global warming related shareholder resolutions targeted at the world's two largest automakers.
US Airways Pilots Deal Halfway "There"
December 11, 2002 (PLANSPONSOR.com) - US Airways Group Inc and its pilots union have reached a tentative agreement on $100 million in annual cost savings - half of...
Company Stock Holdings Fading in UAL Accounts
December 11, 2002 (PLANSPONSOR.com) - United Airlines employees no longer hold any UAL stock in their 401(k) plans, and the 55% stake they once held in the airline...
CalPERS Calls on Congress To Close Offshore Loopholes
December 11, 2002 (PLANSPONSOR.com) - The California Public Employees' Retirement System (CalPERS) is drafting a letter urging Congress to remove incentives for companies to move offshore for tax...
BONY Lays Out Disaster Plan
November 11, 2002 (PLANSPONSOR.com) - The Bank of New York (BONY) has unveiled a series of contingency plans designed to deal with disasters "even larger than the World...
Small Caps Have Gaps Too
November 11, 2002 (PLANSPONSOR.com) - Pension plan funding problems aren't limited to large employers, according to a new report.
National Century Founder and CEO Resigns
November 11, 2002 (PLANSPONSOR.com) - National Century Financial Enterprises, Inc. announced the resignation of its founder and CEO Lance Poulsen, according to the Wall Street Journal.
Survey: BGI Still Top Dog Among European Pension Managers
November 11, 2002 (PLANSPONSOR.com) - Barclays Global Investors hung onto its top ranking in the latest ranking of European pension fund managers by Mercer Investment Consulting.
AIM Announces Layoffs
November 11, 2002 (PLANSPONSOR.com) - AIM Management Group announced plans to layoff 248 workers, or about 10% of its staff, according to a company press release.
GM Not Counting on Hughes Cash For Pension Funding
October 11, 2002 (PLANSPONSOR.com) - General Motors' hopes for a potential $4.2 billion cash infusion for its pension fund was dealt a blow yesterday, as the Federal Communications...
Lucent Pension Woes Weigh on Bottom Line
October 11, 2002 (PLANSPONSOR.com) - Another employer has found itself caught in the pension plan funding crunch.
Exec: Pension Clients Rebalancing Portfolios
October 11, 2002 (PLANSPONSOR.com) - BlackRock's pension fund clients struggled to keep their asset allocation weightings following steep equity market declines, by moving $700 million from fixed income...
Navistar Considers Putting Stock In its Pension
October 11, 2002 (PLANSPONSOR.com) - Navistar International Corp.'s management is planning to recommend filling some of its pension fund shortfall with company stock, according to a regulatory filing.
IRS Suspends COLI Settlement Program
October 11, 2002 (PLANSPONSOR.com) - After winning three court battles in cases involving corporate owned life insurance (COLI) cases, the Internal Revenue Service (IRS) has backed away from...
Poll: Investors Don't Know Much About Value, Growth
October 11, 2002 (PLANSPONSOR.com) - Many investors need badly to go back to school - at least when it comes to understanding the basics, a new study found.
Neuberger Berman Picks Up Oscar
October 23, 2001 (PLANSPONSOR.com) - Neuberger Berman will acquire the assets of Oscar Capital Management, LLC.
Adelphia Wants Court Approval for Worker Payments
September 11, 2002 (PLANSPONSOR.com) - With employee layoffs around the corner, Adelphia Business Solutions Inc. has asked a judge's OK to pay $3.6 million in retention and severance...