Worsening: the Maxwell mess

Article Abstract:

Continuing investigation of Robert Maxwell's plundering of his companies reveal bigger losses for creditors, and pension fund contributors may be unprotected. Bogus deals between his private companies, Maxwell Communication Corp and Mirror Group Newspapers are described.

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The Maxwell model

Article Abstract:

The handling of the dismantling of Maxwell Communication Corp should be a model for managing the bankruptcies international corporations. Cooperation between British and US bankruptcy courts, operating in different laws, led to swift liquidation and payoff for creditors.

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Tomorrow's pensions: ride the wave

Article Abstract:

The aging of the world's population will soon create an unbearable burden on the world economy though increasing pension costs. Entitlement programs costs will skyrocket. Employees should be responsible for their own retirement income.

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