In Reply to: Equitable: Compensation. posted by Keith Sloan on 08 March 2004 at 15:51:31:
What action did the Trustees looking after what is 100% employees money take to protect that investment.
As Equitable was the company/trustee sole recommended AVC investment vehicle for most of our working lives should they not have been getting professional advice on the risks and acting on it in a timely manner!
As IBM does not allow publication of minutes of trustee meetings even about discussion on AVCs which involves no IBM money/risk we were lead forward blindfolded to the brink of financial collapse of this company.
I don't suppose restricted practices on disclosure of information to stakeholders by company held AVCs was even covered by Lord Penrose.