WSJ: New Pension Rules could Wipe out GM's Shareholder Equity
Stock hits 20 year low
An article in this morning's Wall Street Journal discussed how a proposed new accounting rule for pension liabilties could wipe out all or most of GM's shareholder equity, thereby opening the door to bankruptcy court. I can't link the Wall Street Journal story because www.wsj.com is a paid site, and I only have the print edition.
Thursday, December 29, 2005
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