I
attempted a post on the ibmpension board in response to this post from justa_bean_counter:
http://groups.yahoo.com/neo/groups/ibmpension/conversations/messages/79978
In
case the post does not get approved, I am also posting it here.?
I
disagree with a few of these statements. For now, I will focus on the first
sentence:
“This board was set up in 1999 when IBM
made the grab for our DB pension, converting it to a CB plan, and to
monitor?the lawsuits that ensued afterward.”
Following is my perspective on what
really happened:
The ibmpension board was created by Sang
J. Moon (an IBM employee) on May 18, 1999. He created it as an attempt to
channel the acidic discussion about the IBM pension change away from the IBM
finance board: ?
If you go to that board and search for
Sang J. Moon and search through his posts, you will find his announcement of
this act. During the next 2 months, Sang’s attempts to moderate and calm the
intensity of the forum encountered increasing pushback from a vocal minority of
activists. Sang explained on July 18, 1999, why he set up the forum and that it
was not intended to be an activist forum. A vocal minority of activists staged
what amounted to be a hostile takeover during the next several weeks. They wore
down Sang’s resistance, and on September 2, 1999, he turned the forum over to
the activist leaders and resigned the group. The new forum leaders brought with
them a zeal for monitoring lawsuits.
