If Robin and his fellow board of ejector directors ruin BNY and run it into the ground, are pensions guaranteed and safe to those who were lucky enough to earn them? What about any medical benefits, 401K or money we paid into? Obviously BNY stock could bottom out but I would think pensions and benefits earned should be safe under the law?
Beginning to think it’s not a question if Robin could do this, but, when?
@dv
Two wrongs don’t make a right.
Take your first cousin parents, for instance…..
Based on your id--tic questions, it's obvious who would be more likely to run the company into the ground.
IF? He already has been doing that
Pension guaranty information to consider: The Pension Benefit Guaranty Corporation (PBGC) is a United States federally chartered corporation created by the Employee Retirement Income Security Act of 1974 (ERISA) to encourage the continuation and maintenance of voluntary private defined benefit pension plans, provide timely and uninterrupted payment of pension benefits.
Ask Eliza to review ERISA laws.