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If the company has to pay out pensions before shareholders in bankruptcy, that would incentivize shareholders and debt holders to push company to reduce or mana
by nurtbo 2y ago
If the company has to pay out pensions before shareholders in bankruptcy, that would incentivize shareholders and debt holders to push company to reduce or manage pension obligations.
- PaulDavisThe1st 2y agothus, so the theory goes, nicely balancing the incentives on the part of an energized, enabled and active union. "and they all lived happily ever after"