Media Coverage Archives

The LRO is archiving news articles in this section that are related to LRO and other issues of importance to retirees. The articles go back to November 2002.
2008 THIRD QUARTER
Alcatel-Lucent's Russo, Tchuruk to Quit; Loss Widens By Rudy Ruitenberg, Bloomberg - July 29, 2008 Alcatel-Lucent the world's largest supplier of fixed-line phone networks, said Chief Executive Officer Patricia Russo and Chairman Serge Tchuruk quit after the sixth straight quarterly loss. Alcatel-Lucent said it will begin looking for replacements for Russo and Tchuruk immediately. Henry Schacht Russo's predecessor as Lucent CEO, will step down from the board. The company's stock rallied as much as 6 percent in Paris trading after the announcement. The net loss widened to 1.1 billion euros ($1.7 billion), or 49 cents a share, from 586 million euros, or 26 cents, a year earlier, the Paris-based company said in a statement today. Click here to read the entire story.
2007 FOURTH QUARTER
PBGC Announces Maximum Insurance Benefit for 2008 The Pension Benefit Guaranty Corporation (PBGC) has announced the maximum insurance benefit for participants in underfunded pension plans terminating in 2008. Click on the headline above to view the PBGC news release and chart showing the 2008 annual and monthly maximum benefit guarantees for retirees from age 75 to 45.
2007 SECOND QUARTER

Pensions flourish for CEOs, fade for workers
By Reuters; CNNMoney.com ~ Jun 11 2007

Study reveals that almost three-quarters of CEOs of large companies are eligible for pensions, while companies scale back benefits for rank and file...

Alcatel-Lucent executives booed over pay at AGM  ~ Jun 01, 2007

Alcatel-Lucent shareholders approved on Friday a "golden parachute" for Chief Executive Pat Russo despite noisy protests over executive pay and job cuts at the newly merged company's first annual meeting...

 

Alcatel - Lucent Trying to Find Lost Disk  ~ May 18, 2007

Alcatel-Lucent said Friday it is reviewing security procedures and has halted use of couriers for sending personnel information after a computer disk with financial and other data on employees and retirees went missing...

Lucent urges calm over lost data disk  ~ May 19, 2007

There is no evidence that personal information on a missing computer disk containing data on as many as 200,000 Lucent employees, retirees and their dependents has been unlawfully used, Alcatel-Lucent said yesterday...

Union Says Alcatel-Lucent Executives' Pay 'Scandalous' - April 14, 2007

LRO Member Featured In Article About Corporation's Cuts To Retirees Health Care Benefits  10/10/06

LRO Member Jim Stickel and NRLN President Jim Norby Featured On CNN’s Lou Dobbs Tonight News Report

2005 FIRST QUARTER

2004 FOURTH QUARTER

LUCENT'S LEGACY - 11/14/04

Questions Loom About Direction for SEC - 11/12/04

As Baby Boom Ages, Era of Guaranteed Retirement Income Fades - 11/12/04

LUCENT TECHNOLOGIES RECEIVES FINAL APPROVAL FOR TAX REFUND - 11/10/04

Abbott, Hospira sued for cutting employee benefits - 11/8/04

Former Lucent employees get SEC 'Wells' notices - 11/8/04

Health benefits fade quickly for retirees - 11/7/04

For Pension Plans Like United's, a Healthy Glow That's Paper Thin - 11/6/04

LRO Member Among Retirees Featured in San Francisco Chronicle Article - 11/2/04

Looming Pension Woes Trouble Experts - 10/24/04

Less May Be More - 10/25/04

Lucent Posts 1st Profitable Year Since 2000 - October 20, 2004

S.E.C. Inquires Into Pension Accounting at Ford and G.M. 10/20/04

A Hard-to-Swallow Lesson on Pensions - 10/14/04

More Retirees May See Health Cuts - 10/14/04

Donaldson Expects Rule Changes on Executive Pay - 10/13/04

US pension agency chief warns of solvency risk - 10/8/04

The looming national benefit crisis - 10/4/04

Retiring Minds Want to Know - 10/1/04

2004 THIRD QUARTER

Lucent's Russo Fights Back- September 30, 2004

Lucent Offshoring Wave Hits Hard  9/30/04

Lucent retirees demand audits   9/28/04

Lucent Again Cuts Retiree Benefits  wsj 9/22/04

Lucent to cut health benefits for more retirees   9/21/04

Lucent cuts health-care for retiree families 9/21/04

Lucent cutting retiree health benefits again 9/21/04

Lucent Cutting Retiree Benefits Again   9/21/04

Lucent Cuts Retirees' Health Benefits   9/21/04

Outsourcing, lost benefits stoke Lucent union's fire   9/16/04

Lucent union workers, retirees fear benefit cuts  9/15/04

Pension Agency Seeks More Power 9/15/04

With Thousands Of Pensions Closing, How Safe Is Yours?   9/15/04

Lawmaker Warns Companies Not to Dump Pensions     9/14/04

How to Fix the Pension Mess     9/13/04

Airlines' Pension Maneuvers Raise Questions About the Law  9/14/04

Medical costs eat at Social Security      9/14/04

Pension Agency May Go Broke by 2020       9/14/04

Medicare Costs Are New Focus for Candidates    9/12/04

Lucent hopes to cut retiree benefits     9/10/04

Health Insurance Premiums See Double-Digit Increase  9/9/04

House OK's Disclosure of Pension Info   9/8/04

Will Corporate Pension Plans Implode?   9/8/04

Older Workers Worry About Pension Security   9/7/04

Lucent Reaches an Agreement For Tax Refund of $816 Million   9/3/04

Pension turbulence ahead   8/29/04

Inspections of Big Four Firms' Audits Reveal Poor Recordkeeping   8/27/04

Record Level of Americans Not Insured on Health   8/27/04

Pensions on a Precipice   8/26/04

Survey: Health Care Costs to Rise in 2005   8/26/04

Who will pay for pensions?   8/26/04

Corporate Pension Crisis Still Looming   8/24/04

UAL Pension Decision Draws Scrutiny   8/23/04

Shifting obligations of pensions an outrage     8/22/04

United Pension Problems Spark Reform Calls   8/20/04

UAL Is Likely To Terminate Pension Plans  8/20/04

Politicians fool only themselves with Medicare bribe   8/12/04

The Coming Pension Crisis  8/12/04

Editorial - The Coming Taxpayer Bailout   8/11/04

Survey: Seniors seek fix to Medicare, not overhaul   8/11/04

Coal miners to lose health benefits under court ruling   8/9/04

Pension Tension     8/8/04

Enron Tries to Block Pension Takeover Bid   8/5/04

OUR OPINIONS: Pension needs a swift, sure rescue   8/4/04

Bailout Feared if Airlines Shed Their Pensions   8/1/04

Kaiser says Pensions group taking over plan - July 29, 2004

Airline Woes Threaten U.S. Pension Agency - July 28, 2004

U.S. Wants Details on United's Pensions - July 27, 2004

United Airlines Ends Pension Plan Contributions - July 23,2004

Qwest retirees sue for audit data - July 15, 2004

The Benefits Trap July 19, 2004

United Delays Payments to Pensions - July 15, 2004

Medicare Law Is Seen Leading to Cuts in Drug Benefits for Retirees - 7/14/2004

Drugmakers benefit most - July 11, 2004

Health Care Costs Darken Sunset Years  - July 4, 2004

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