Thank heaven executives were spared from the cut! The drive to the lowest common denominator on worker benefits only applies to the common man. Executive compensation continues its rocket trajectory and retired executives get to hold their own.
The incentive to retire is now an incentive to die by December 31st. After that, a substantially reduced life insurance ($15,000) and death benefit ($25,000) for you, common retiree! The wife will have to pay any uncovered funeral expenses.
And deal fees for the upcoming spinoff amount to ......?
