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Michael

Tucson, AZ, United States | Member Since 2009

3
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  • 1 titles in library
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  • Retirement Heist: How Companies Plunder and Profit from the Nest Eggs of American Workers

    • UNABRIDGED (8 hrs and 59 mins)
    • By Ellen E. Schultz
    • Narrated By Nicole Vilencia
    • Whispersync for Voice-ready
    Overall
    (18)
    Performance
    (11)
    Story
    (12)

    It’s no secret that hundreds of companies have been slashing pensions and health coverage earned by millions of retirees. Employers blame an aging workforce, stock market losses, and spiraling costs - a perfect storm of external forces that has forced them to take drastic measures. But this so-called retirement crisis is no accident. Award-winning investigative reporter Ellen E. Schultz reveals how large companies and the retirement industry - benefits consultants, insurance companies, and banks - have all played a huge, hidden role in the death spiral of American pensions and benefits.

    Michael says: "Understanding the next financial crisis"
    "Understanding the next financial crisis"
    Overall
    Performance
    Story
    Would you recommend this audiobook to a friend? If so, why?

    Absolutely. We have a coming retirement crisis as private pensions have been systematically drained of value and/or eliminated through mergers, or limited through conversion to defined contribution plans. How this latest iteration of vulture capitalism was aided and abetted by well-meaning, but poorly designed American pension laws is the subject of this excellent and very accessible book. It made me want to throw the book against the wall in anger several times: unfortunately, I listed to the audio version, so my iPhone bore the brunt of the righteous anger this book produced.


    Who was your favorite character and why?

    the American pensioner


    If you were to make a film of this book, what would be the tag line be?

    Son-of-bitches stole my pension!


    3 of 3 people found this review helpful

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