IBM had the same exact scenario. They're doing fine. True some retired employees are &^%$#@ed off,but you can't make everybody happy. If you were in the CAL PERS program as a teacher in Ca., you'de be sweating your pension. How would you like to be a public works retiree in Detroit?
she left because she felt her salary was not up to par with her abilities.
donwshuper. You are correct. All of the big firms are doing the same thing when they can. I retired from a top ten firm 20 years ago and the plan is no different now then what BA is offering. My advice is to NOT take the cash. Take the annuity or a defined pension if offered. Cash can only last so long. If you are lucky and in good health, you'll run out of cash in no time. I'm collecting a pension now for 20 years. They're losing money on me.
pham , you are right in that Cramer has nothing to do with the oil supply demand. The fact is that Cramer is mostly wrong on his investment predictions.
COST is the only company that does this ? Give them more credit. They're not imbeciles.
'shorts"...all that effort you put into this report ....commendable !!! However, did you ever think that there might be some insider BUYING here ? Look at the stock price. What ? you're smarter than the high profile investors ? Give me a break ! You have to do more reading on investing. You're a little behind the curve.
probably because stores follow chains and reports sales monthly when reports retail store chain.