On: IBM cancels 401k matching, replaces with proprieta...

[lisplist]

Legally, I believe this is a pension fund. Still, they have to be pocketing the difference somewhere because why else would they make such a controversial decision that also increases administrative overhead?

[justinclift → lisplist]

The current decision making ranks at IBM can do plenty of shady stuff then depart, before legal problems come home to roost. Years and years at least.