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Eye On America (Economy / Pensions) #337915

CBS Evening News for Wednesday, Apr 24, 1991
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(Studio: Dan Rather) Report introduced.

(Humboldt County, California: John Blackstone) Pensions at risk due to junk bond investment and Ronald Reagan's deregulation examined; Executive Life Insurance, on the brink of bankruptcy, noted holding pension fund of Pacific Lumber Company; after hostile takeover of Pacific Lumber, MaxAm, Incorporated of Houston reported cashing in pension fund to pay off junk bonds; scenes shown of Fortuna, California, and of demonstration at Pacific Lumber. [Pensioners Ira and Zara BOOTWELL; Pacific Lumber retirees Wiley LACEY, Bill HUNSACKER; PROTESTER; Pacific Lumber president John CAMPBELL - comment.]

Blackstone, John;
Rather, Dan

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