zlacker

>>toomuc+(OP)
Read somewhere that they get 12% match on 401k. No pensions, but there’s almost none of that in today’s world.

>>pixela+y3
Pensions are absolutely crippling to a company long term.

>>bright+M3
If it's so obvious, why offer them? Why do deferred compensation? Why promise to pay in the future for anything?

>>doctor+A6
Because of the principal-agent problem and the fact that there is no structure to reward future success reliably? If the Chicago parking meter plan is so outrageous, why do it? It's obviously bad. So why do it? You know why. There's a guy with controls over a lot of money. He's going to find a way to access some of it.

>>renewi+sa
> So why do it? You know why.

I don't get it. Maybe every single S&P500 CEO has a deferred compensation plan, but when a union asks for it, it's always corruption?