Subject category:
Finance, Accounting and Control
Published by:
Harvard Business Publishing
Version: 8 October 2003
Length: 16 pages
Data source: Published sources
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Abstract
Bethlehem Steel's 2001 bankruptcy filing inspires an employee's daughter to evaluate her father's pension plan, weeks after September 11's tragedies exacerbated a weakening US economy and just months before her father planned to retire. Battered equity markets and plummeting interest rates foretell a ‘pension crisis,’ while the daughter discovers the history and government role in US private defined-benefit pension plans. She tries to apply her newly acquired finance skills as an MBA student to estimate the pension plan's true asset-liability condition and to advise her father about his upcoming retirement from a historically dominant US company that has lost its competitiveness to global producers.
Subject category:
Finance, Accounting and Control
Published by:
Harvard Business Publishing
Version: 11 February 2004
Length: 16 pages
About
Abstract
Bethlehem Steel's 2001 bankruptcy filing inspires an employee's daughter to evaluate her father's pension plan, weeks after September 11's tragedies exacerbated a weakening US economy and just months before her father planned to retire. Battered equity markets and plummeting interest rates foretell a ‘pension crisis,’ while the daughter discovers the history and government role in US private defined-benefit pension plans. She tries to apply her newly acquired finance skills as an MBA student to estimate the pension plan's true asset-liability condition and to advise her father about his upcoming retirement from a historically dominant US company that has lost its competitiveness to global producers.
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Subject category:
Finance, Accounting and Control
Published by:
Harvard Business Publishing
Version: 11 February 2004
Length: 16 pages