In a move to provide a tax gain as well as capital gain, AXA spins off AXA PE, ceding majority control to an employee ownership group.
employees
Breaking News
Lufthansa had decided to scrap the current pension plan to a plan that is tied to investment returns of the fund.
Moelis & Co decided to pay US$35 million to its investors and employees that held a stake in the firm.
Rona Inc, in a bid to be more competitive, is further cutting back on overheads and salaries.
Wal-Mart, with nearly 1.2 million strong retirement fund members, is accepting bids to manage its US$15.6 billion 401k program.
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