Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: reaper who wrote (145946)	1/24/2002 3:06:18 PM
From: ild	Read Replies (1) of 436258

<<<If IBM woke up tomorrow AM and reduced their pension assumption to 7% (which is where Buffett thinks it should be) they'd wipe 2 years worth of earnings off their books.>>> I must be really dense but I'd think that reducing pension assumption would be beneficial to IBM. In 1999 IBM changed something in their pension plan. Was it wrong? usatoday.com Thanx

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