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.)
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