Francis, “Companies Tap Pension Plans to Fund Executive Benefits—Little-Known Move Uses Tax Break Meant for Rank and File,”
122 His mother died in 1998 at age sixty-two. Her family received a $21,000 benefit: Author interview with John Reynolds.
123 a brown envelope was left on the desk of Ken Kies: Ellen E. Schultz and Theo Francis, “Death Benefit: How Corporations Built Finance Tool Out of Life Insurance,”
124 Ways and Means chairman Bill Archer, who had criticized janitors insurance: Clark/Bardes Inc. proxy statement.
127 The mass death of heavily insured executives: Society of Actuaries meeting, Washington, D.C., 2003.
128 The twenty-year-old was working at a Stop N Go: Schultz and Francis, “Death Benefit.”
130 Banks took out billions of dollars’ worth of this life insurance: Bank “call reports” filed with the Federal Financial Institutions Examination Council.
131 Insurance regulators, who often accommodate the wishes of the industry: Disclosure information based on interviews with regulators and industry representatives.
CHAPTER 8: UNFAIR SHARES
135 The company’s effective guaranteed return on the contribution in the first year: Schultz and Francis, “Companies Tap Pension Plans”; calculation by Theo Francis.
141 Lorenzo Walker, one of the warehouse workers at Hugo Boss: Author interview.
143 One employee got a pension increase:
CHAPTER 9: PROJECT SUNSHINE
148 “The Company is not committed to maintenance of a retiree’s standard of living”: Internal company memos, Ellen E. Schultz, “Retirees Found Varity Untruthful,”
148 “death of all existing retirees”: Company memo.
CHAPTER 10: TWILIGHT ZONE
160 He thought the job was pretty decent: Author interviews with GenCorp retirees, including Ed Peksa, Kenneth Bottolfs, Mabel Kramer, and John Van Dyke; court records in
170 Asarco, was suing him and other retirees in federal court:
172 Rexam, a maker of cans for beverages:
174 “They shopped more than we did, Judge”:
175 “We will file in federal court against you bastards”:
CHAPTER 11: IN DENIAL
177 but the company denied his claim: Brief of Amici Curiae, National Black Lung Association and Appalachian Citizens’ Law Center, Inc.,
180 protected by steel fences: Ken Ward Jr., “The Dark Lord of Coal Country,”
180 And he gets to keep a 1965 blue Chevrolet truck: Compensation details from the company proxy statement.
182 “I took every play like it was my last play”: Author interview.
183 Focusing on the word “a,” the arbitrator said:
185 only ninety… former pro players covered by the NFL disability plan: Ellen E. Schultz, “A Hobbled Star Battles the NFL: Doctors Say Football Left Victor Washington ‘Totally Disabled.’ Two Decades Later, the League Still Disagrees,”
186 “Injuries may not put you in a wheelchair for the rest of your life”: Author interview with Randy Beisler.
186 Mike Webster had been a center on the offensive line:
188 Douglas Ell, who has handled—and won: Author interview with Douglas Ell.
189 The NFL paid Groom Law Group $2.9 million: IRS Form 5500.
190 Delvin Williams, a former 49ers and Miami Dolphins running back: Author interview with Delvin Williams.
191 As a teenager in France, he had joined the partisans: Author interview with Loewy.
191 Instead of an answer, the next month the administrator sent:
CHAPTER 12: EPITAPH
198 happy dance: Homage to Gail Collins.
