Comment on Pensions Has a Familiar Ring
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In the March 4 article “First Executive Casts a Shadow Over Pensions,” an officer of First Executive states: “The company is in very robust financial health. Even suggesting we won’t perform on (pension) obligations is far-fetched.” This parallels the statements from their allies and partners-in-junk at Drexel Burnham Lambert who denied the filing-for-bankruptcy rumors the day before the actual occurrence.
ALBERT C. FARRELL
Beverly Hills
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