Down $20 Billion, Boeing Stuffs Pension Fund With Its Own Shares
- Pension’s funding deficit is second-biggest in the S&P 500
- With shares at record, stock transfer seen as risky approach
Ground staff gesture as a Boeing Inc. 787-9 Dreamliner passenger aircraft stands on the tarmac at Charles de Gaulle Airport.
Photographer: Marlene Awaad/BloombergThis article is for subscribers only.
Like so many companies in America, Boeing Co. has largely neglected the gaping deficit in its employee pension as it doled out lavish rewards to shareholders.
What’s raising eyebrows is how it plans to shore up the retirement plan.