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Keyword: legacy cost

Legacy Curse (1/14/2006)

The legacy of high union wages and benefits progressive measures has become part of a vicious circle of market-share erosion for old-time U.S. car makers.

Keywords: auto, benefits, car maker, GM, labor union, legacy cost, market share, Toyota, UAW, wages

Risk Shifting (6/22/2006)

Defined-contribution pension plans increase labor mobility and facilitate the revival of old businesses in the face of massive industrial restructuring and longer life expectancy.

Keywords: bankruptcy, Chapter 11, defined benefit, defined contribution, IBM, insurance, investment returns, legacy cost, pension plan, PGBC, portability, retirement, risk, risk shifting