Arconic Inc. stock is up and paying dividends. It just got its corporate tax rate cut to 21 percent. What better way for Arconic to make more money than to freeze the U.S. defined benefit pension plan for 7,900 of its employees.
Where is the $140 million decrease that this brings about in the first quarter of next year’s liabilities going to? More than likely, to the CEO, board of directors, and the stockholders. And why shouldn't it? Aren't they are the ones that make this company what it is?
DeWayne R. Lamp