Andy Lang
07-30-2002, 05:15 PM
IBM announces the purchase of PWC for $3.5 billion.
Just what we need--all of these guys in one firm--management consultants, accountants and actuaries + Lou Gerstner.
Now they can make sure that other CEOs get tons of stock options, golden handcuffs and handshakes, huge retirement benefits, other esoteric executive perks, cook the books, make sure that the auditors sign off on them and help the whole process along with more cash balance plans and change retiree medical plans to defined contribution ones that will pay, if you are lucky, maybe two year's worth of medical benefits--tops.
What is good for Lou is good for the country.
What next?
How about buying Watson-Wyatt and Towers Perrin?
What about Worldcom and Global Crossing and is any of Enron left yet?
Hey--go for Harkin and maybe in time, Halliburton too.
Just what we need--all of these guys in one firm--management consultants, accountants and actuaries + Lou Gerstner.
Now they can make sure that other CEOs get tons of stock options, golden handcuffs and handshakes, huge retirement benefits, other esoteric executive perks, cook the books, make sure that the auditors sign off on them and help the whole process along with more cash balance plans and change retiree medical plans to defined contribution ones that will pay, if you are lucky, maybe two year's worth of medical benefits--tops.
What is good for Lou is good for the country.
What next?
How about buying Watson-Wyatt and Towers Perrin?
What about Worldcom and Global Crossing and is any of Enron left yet?
Hey--go for Harkin and maybe in time, Halliburton too.