AT&T to Place $9.5 Billion Wireless E...

AT&T to Place $9.5 Billion Wireless Equity in Pension Plan

There are 2 comments on the Fox News story from Oct 19, 2012, titled AT&T to Place $9.5 Billion Wireless Equity in Pension Plan. In it, Fox News reports that:

AT&T Inc. is planning to contribute preferred equity in its wireless business valued at $9.5 billion to its underfunded pension plan.

Join the discussion below, or Read more at Fox News.

Raz Silberman

Allen, TX

#1 Oct 20, 2012
Haven't we learned anything from Enron? The employees there lost all their pension because it held tons of Enron stock that collapsed.

Not only AT&T employees are tied to the company with their paycheck, but they are now tied to the company with their pension plan as well. How does this qualify for diversification and prudent management of a retirement plan?

This looks like one of the REALLY?- http://rsilberman.com/... - moments in business. It makes little common sense, but there is no one in the company that can say it or stop it.

AT&T is a great company and have done tons of things right. This seems like an uncharacteristic move for them.
Shameful

Phoenix, AZ

#3 Nov 6, 2012
As a retiree I am not pleased with this decision. Too much company stock in the pension fund is a recipe for disaster. Especially in this ever changing world. ATT is sitting on tons of cash that could be used to shore up the fund with no risk to employees or retirees.

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