Executive pensions can be big liability says WSJ

Newswire

NEW YORK, June 23 (Reuters) - Executive benefits play a large and hidden role in the declining health of U.S. pensions, and executive pension obligations exceed $1 billion at seven U.S. companies, The Wall Street Journal said on Friday. Benefits for executives on average account for 8 percent of the pension obligations at those companies, including General Motors Corp. , General Electric Co. , AT&T Inc. and Exxon Mobil Corp. , among others, it said. The big obligations, which can ...

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