Like so many companies in America, Boeing Co. has largelyneglected the gaping deficit in its employee pension as it doledout lavish rewards to shareholders.

What's raising eyebrows is how it plans to shore up theretirement plan.

Last month, Boeing made its largest pension contribution in overa decade. But rather than put up cash and lock in the funding, theplanemaker transferred $3.5 billion of its own shares, includingthose it bought back in years past. (The administrator says itexpects to sell them over the coming year.)

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.