While America aged : how pension debts ruined General Motors, stopped the NYC subways, bankrupted San Diego, and loom as the next financial crisis /
Roger Lowenstein.
- New York : Penguin Books, USA, 2009.
- 274 p. ; 22 cm.
Includes bibliographical references (p. [235]-266) and index.
Introduction -- Who owns General Motors? -- Walter Reuther and the Treaty of Detroit -- The anti-Reuther -- An entitled class -- On strike! -- Finest city -- Pension plot -- The bill comes due -- Conclusion : the way out.
A call-to-action evaluation of the economic dangers being posed by the retiring generation's pensions and health-care needs offers sobering insight into how pensions work in America and why they are threatening major companies and public institutions.
9780143115380 0143115383
Pensions--Finance.--United States Defined benefit pension plans--United States. Retirement income--United States. Investments. Stocks. Business education--Massachusetts. Business students--Massachusetts. Management--Study and teaching (Higher)--Massachusetts.