Posted by e.m.ployee on 07 November 2000 at 10:55:44:
In Reply to: IBM South Africa Pension fund in the news posted by Peter J Smith on 01 November 2000 at 13:09:35:
Illustrates beautifully the point made elsewhere - the ONLY way to influence IBM is by making it very clear that what is being done with pension funds is a systematic and worldwide manipulation which has 3 objectives...
1 - to deceive shareholders about the company's actual achievements
2 - to increase the compensation of the executives concerned
3 - to remove from employees and retirees assets to which they have a right
Exposing this sort of behaviour will exert pressure on the company not only to treat pensioners properly but also to run the company more effectively rather than masking its underachievement by financial manipulation.