Search the Archive

Health Insurance / Retirement Benefits #566857

NBC Evening News for Tuesday, Feb 14, 1989
View other clips in this broadcast →

Material supplied by VTNA may be used for educational analysis or research only. Any editing, reproduction, publication, rebroadcast, public showing or public display may be prohibited by copyright laws. For any such use, please visit NBC NEWS Archives XPRESS.

(Studio: Tom Brokaw) Report introduced.

(NYC: Mike Jensen) Cutbacks in health insurance benefits for retirees examined. [American Forest Prods. retiree Frank QUATTROCCHI - comments on cancellation of his benefits after company was sold to Kohlberg Kravis Roberts.] Reasons why companies are canceling retirement benefits listed. [Retiree's attorney Jerome TAUBER - comments on inequity of situation.] Corporation raiders noted legally entitled to take money that would have gone to retirees' health plans. [Representative Rod CHANDLER - says benefits can only be upheld by moral obligation.] [Quattrocchi's attorney David FIELDING - comments on case.] Quattrocchi reported suing Kohlberg Kravis Roberts. [Quattrocchi's WIFE - says her husband is entitled to benefits.] [American Forest Prods. president Doug. WESTENHAVER - comments on severance payments.] Enormity of problem noted.

Reporter(s):
Brokaw, Tom;
Jensen, Mike
Duration:
00:04:00

Note to sponsor members: The Vanderbilt Television News Archive video player requires a modern operating system and browser to work properly. If you are experiencing playback problems, check the minimum requirements and adjust your setup accordingly. After adjustments, if you continue to experience problems, please contact us.

Welcome! Above is the abstract of the item that you're interested in viewing from the Vanderbilt Television News Archive's collection. You have three options if you'd like to view this item:

  • You may request a loan of this video by registering on our website and placing an order.
  • You may visit the Television News Archive on the Vanderbilt campus to view on-site from the Archive's collection.
  • If you are associated with a college or university, you may ask your library if they would like to become a sponsor, which would give students and faculty at your institution the ability to view items from our collection.

If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.