Originally Posted by
higney85
what if you were to know the deferred comp was fully funded in a Rabbi trust sitting along side the current CEO and many management names from past to present. That place where the “golden parachutes” are kept….?
would that change the mindset? It may be worthwhile to look at the failure rate of deferred comp plans and why it’s normally limited to only the top brass of the company.
Everything I read about "rabbi trusts" emphasize that
- A rabbi trust does many things but it doesn't keep creditors at bay.
- If a company goes under and declares bankruptcy, the funds in a rabbi trust can be used by creditors."
For those reasons, I'm out.