Have mentioned several times when LBO and Pen-l that I suspect that factors other than productivity has been major contributors to the rise in profits. The story that you mentioned here is an excellent example.
Doug Henwood wrote:
> Wall Street Journal - July 27, 2000
>
> Companies Find Host of Ways
> To Pare Retirement Payouts
>
> By ELLEN E. SCHULTZ
> Staff Reporter of THE WALL STREET JOURNAL
>
-- Michael Perelman Economics Department California State University Chico, CA 95929
Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu