Thursday, April 9th, 2009
The possibility that GM might dump its pension obligations
April 8 (Bloomberg) — Den Black, a retired General Motors Corp. engineering executive, says he’s worried and angry. The government-supported automaker is going bankrupt, he says, and he’s sure some of his retirement pay will go down with it. "This is going to wreck us," said Black, 62, speaking of GM retirees. "These pledges from [...]