Thursday, July 1, 2010

Pension paid in Scotch?

Today's New York Times has an article on Diageo's new way of funding its pension plan - using whisky still maturing in distilleries. The company transferred about $650 million worth of Scotch to the pension company to be held as collateral. This is quite an innovative way to plug funding gaps, however, I am not sure how many people will want to receive Scotch as pension in their retirement.

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