{"product_id":"retirement-heist-how-companies-plunder-and-profit-from-the-nest-eggs-of-american-workers-paperback","title":"Retirement Heist: How Companies Plunder and Profit from the Nest Eggs of American Workers - Paperback","description":"\u003cp\u003eby \u003cb\u003eEllen E. Schultz\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003cb\u003eWinner of the 2012 Helen Bernstein Book Award for Excellence in Journalism\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eHundreds of companies have slashed pensions and health coverage for millions of retirees, claiming that a \"perfect storm\" of stock market losses, aging workers, and spiraling costs have forced them to take drastic measures.\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eBut this so-called retirement crisis is no accident. Ellen E. Schultz, an award-winning investigative reporter formerly of \u003ci\u003eThe Wall Street Journal\u003c\/i\u003e, reveals how large employers and the retirement industry have all played a huge and hidden role in the death spiral of American pensions and benefits. \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003eA little over a decade ago, pension plans were fat. But companies used slick accounting and dubious loopholes to turn their pension plans into piggy banks, tax shelters, and profit centers. As pensions weakened, companies slashed benefits for workers while doling out gargantuan pensions to their top executives.\u003cp\u003e\u003c\/p\u003e\u003cp\u003eDrawing on original analysis of company data, government filings, and confidential memos, Schultz uncovers decades of widespread deception during which employers exaggerated their retiree burdens while tricking employees, misleading shareholders, and lobbying for taxpayer handouts.\u003c\/p\u003e\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003e\u003cb\u003eEllen E. Schultz\u003c\/b\u003e is an investigative reporter who has covered the so-called retirement crisis for more than a decade. Her reporting has led to Congressional hearings, proposed legislation, and investigations by the Treasury and the GAO. Schultz, a former staff reporter for \u003ci\u003eThe Wall Street Journal\u003c\/i\u003e, has won dozens of journalism awards for economics, financial, and investigative reporting, including three Polk Awards, two Loeb awards, and a National Press Club award. In 2003, Schultz was part of a team of \u003ci\u003eWall Street Journal\u003c\/i\u003e reporters awarded the Pulitzer Prize, for articles on corporate scandals. She lives in New York City.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003eVisit www.RetirementHeist.com\u003c\/p\u003e\u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 256\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 0.8 x 7.9 x 5.3 IN\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e October 30, 2012\u003c\/div\u003e","brand":"Books by splitShops","offers":[{"title":"Default Title","offer_id":51749874958624,"sku":"9781591845652","price":27.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0974\/9764\/5344\/files\/23dfc620e09cad0d83ae489e78dd11c5.webp?v=1779939837","url":"https:\/\/ebocreations.com\/products\/retirement-heist-how-companies-plunder-and-profit-from-the-nest-eggs-of-american-workers-paperback","provider":"The E-Book Oasis LLC","version":"1.0","type":"link"}