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Pensions / Executive Compensation #836764

CBS Evening News for Friday, Jul 07, 2006
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(Studio: Harry Smith) Report introduced.

(New York: Anthony Mason) Workers’ complaints that executives are retiring with huge pensions while they are taking cuts featured; details given of pensions for United Airlines CEO Glenn Tilton†† & AT&T CEO Edward Whitacre†; statistics on AT&T’s pension expenses cited. [Retired pilot Parlo OSTERBO‡- says it’s a betrayal.] [AFL-CIO associate general counsel Damon SILVERS†- says leaders think a pension is too generous for everyone except themselves.] [Shareholder advocate Sarah TESLIK†- questions CEO compensation.]

Reporter(s):
Smith, Harry;
Mason, Anthony
Duration:
00:02:20

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