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Michael Mccarthy
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Comments by "Michael Mccarthy" (@michaelmccarthy4615) on "The Fall of Britain’s Most Hated Businessman | Investigators" video.
Raiding employee pension funds was largely stopped in the US many years ago. Through lawsuits and changes in the corporate laws.
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Corporate raiders would take over dying companies specifically to empty their fat employee pension funds...
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@Erin-000 Many moons ago in another lifetime. US Corporations actually managed their (benefits) employees' pensions internally partly because they put money into it. These large $$ pensions were susceptible to abuse as the idea of a job for life changed with our societies' massive changes in the work environment.
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