RT @PaulPage: Oil companies are putting more investment into alternative energy. The latest: France's Total to pay $2.5 billion f… https://t.co/46LpKvjgVI— 20 hours 8 min ago via@theofrancis
What will Biden mean for business? After pandemic response: climate-related infrastructure, higher corporate tax, t… https://t.co/c9JRtay6pP— 22 hours 52 min ago via@theofrancis
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Rosel Patton, a 49-year-old switch engineer in Marlboro, Mass., doesn't realize it, but when she saves for retirement by contributing to her 401(k), she's also helping her company save money.
The loud message comes from one company after another: Surging health-care costs for retired workers are creating a giant burden. So companies have been cutting health benefits for their retirees or requiring them to contribute more of the cost.
Last year, John R. Stafford, chairman of pharmaceutical giant Wyeth, earned $1.8 million in salary. He also was awarded a $1.97 million bonus, restricted stock valued at $724,283 and 630,000 stock options.
That much shareholders can learn from glancing at the company's proxy.