Pat ( a history major) can only sqeeze money from the company just a little longer. She's just like Carly (Dress-for-success crowd, no substance). The BODs are useless too. They have no plans for growth. They are hoping tht someone will buy them out and this small group can flee with a nice butout package.
Hey idiot, it's upper management that ruined the company. Point in case is Carly F. and Pat R. were groomed from the same company.
Remember the basics of investing when management sucks so does the company.
You are too stupid to playing/investing on
stocks like LU. Why don't you sell it and go on
to somthing else instead of blame on retirees.
Instead of complaing about Lucent pension,
why don't you complain about Federal and State
pension which is hell of lot more pay out
with your tax dollars.
I am not a LU retiree. However, I am getting real upset with these firms promising, through pension plans, their employees a pension then bailing out when it gets too expensive for them. All the while, these high corporate officials and/or BoD individuals are eating at the feed bin getting multiple million dollar salaries plus all the benefits (bonuses, etc) even though the firm is not doing well. You, the firm, make a promise; your word is your bond.
You are exactly right sir. I am a Lucent retiree and when you spend 30 yrs. working for a company and every year they tell you that "this" is your pay package for the year and it would be much higher but they must put money into a pension package to pay for your benefits and pension when you retire. Then they ask you to retire early and your benefits would be protected by leaving before a certain date and if you do not retire they could not gaurantee the benefits. Then a couple years later they start taking away these benefits because the have less profits. All the while Patty and the boys are getting millions each year in stock salary and bonus, and then the stock holders piss about the retiree's. I hope the same happens to you if and when you retire pal.