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Politics : Formerly About Advanced Micro Devices
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To: i-node who wrote (211835)11/16/2004 6:43:23 PM
From: Tenchusatsu  Read Replies (1) of 1573809
 
David, The answer is they would raise hell and insist that the unfunded liability be reported on AMD's balance sheet. The current law requires unfunded pension liabilities to be reported on the balance sheet of the parent; yet, you find no mention of the unfunded liability in any reporting of SSA.

At least the government can raise taxes and pay for whatever shortfalls may occur in the future. Alternatively, the government could just print more money and pay for it that way.

AMD can do neither. Raise prices on their products, and Intel starts taking away market share. Print money, and the Secret Service will be yanking Jerry Sanders out of his limo. (Come to think of it, that would be a very interesting sight.) ;-)

Tenchusatsu
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