The ENRON Scandal Message Board

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Non-Tech : The ENRON Scandal

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To: Baldur Fjvlnisson who wrote (4181)	7/1/2002 7:24:55 AM
From: Baldur Fjvlnisson	of 5185

Dead Peasant Policy: Washington Post Primer • Industry slang for insurance policies taken out by corporations on the lives of thousands of their rank-and-file employees, usually without workers' knowledge or consent. • An insurance product that allows corporations to earn tax-free investment income on money put aside for retiree health and pension benefits • According to articles in the Houston Chronicle and Wall Street Journal last week, a questionable gambit used by at least 100 large corporations to boost profits by taking advantage of the tax-shelter features of life insurance. • The source of an estimated $6 billion in lost tax revenue to the Treasury each year and the subject of several pending tax court cases. • A product actively marketed by the insurance industry as an "attractive, off-balance-sheet asset."

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