‘Stock drop’ suits by employee pension plan holders are ushering in higher standards of corporate disclosure for employees
Pensioners save little by little most of their working life, sharing the spirit of Leonard Cohen’s soulful lyrics about hoped-for independence: ‘Like a bird on a wire, I have tried in my way to be free.’ Unfortunately, many at Enron, Tyco and WorldCom have ended up as birds on a wire with little freedom and few retirement benefits. Cohen himself had his investment fund recently pillaged and wiped out by his own fund managers. Forensic accountants discovered that $8.4
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