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“There’s been a belief in the public sector that these pension promises are safe no matter what,” says finance professor Robert Novy-Marx of the Simon School of Business at The University of Rochester. “They viewed them as deferred compensation that was theirs. They have a right to it.” But a ruling in federal bankruptcy court in favor of Detroit would change all that. “It is possible this is potentially an important precedent-setting case,” says Novy-Marx. Some generous public sector pensions are seriously under-funded, “I think that what happened in Detroit may make this crisis happen much sooner.”
losartan dosis 200 mg “Activist” investors who are actually just extra-greedy investors, sure do a lot of damage in financial markets in pursuit of short term gains. Maybe more companies should stop issuing voting stock in favor of non-voting stock, and keep the voting stock closely held and private.
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by Domingo ...2020/01/22(Wed)01:06