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retirement benefits redux 2003
So I read the retired managing partner's email and the press reports. His retirement benefits were stopped and he hopes to find a way to replace them?
That doesn't sound like a 401K to me, but I'm obviously just guessing here. If not, were retirees benefits being funded with income from ongoing operations? Were partners still drawing after retiring?
If so, then fuck him and the horse he rode in on. These firms will all die some day. From our view, it is supposedly one of the reasons that Pennie & Edmonds can't find a groom (emphasis on "one of").
So, if anyone can confirm whether retirees were still drawing from the pot after retirement, other than a standard government-sanctioned retirement plan, it would help many of us determine what lessen there is to learn from this.
Hello
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Man, back in the day, you used to love getting flushed, you'd be all like 'Flush me J! Flush me!' And I'd be like 'Nawww'
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