Jim Thomas

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Another GE executive derided the unintended consequences of the “incredibly rich” supplemental pension plan, even though he was a beneficiary of it for the rest of his life, assuming GE did not file for bankruptcy. “It’s the worst thing in the world, because once you get to the gravitational pull of the SUP, what you have to do is avoid being fired,” he said. “Therefore, you take no risks.”
Power Failure: The Rise and Fall of an American Icon
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