Retirees claim that AT&T selected a "risky" insurer to conduct the $8.05 billion transfer of plan assets, but the company claims it is not responsible for a decision made by its independent fiduciary.
Although U.S. interest rates are sitting at 23-year highs, the pockets of pain they are causing are nothing like the systemic problems that so often wrecked expansions in the past.
With careful planning, corporate leaders can often avoid substantial tax liabilities when they make a former captive's assets available to meet the future business needs of related entities.