Quadrangle investment group founding partner and former Obama “auto czar” Steven Rattner agreed Thursday to pay a $10 million fine in a settlement with the New York attorney general’s office over a pension fund scheme.
Rattner was accused of a “pay-to-play” scheme involving New York’s pension fund, in which Rattner’s Quadrangle allegedly gave kickbacks to officials [...]
Posts Tagged ‘Retirees’
Former auto czar pays $10 million fine
December 30th, 2010 by Financial Writer
Tags: au, crisis, financial, financial crisis, government, Invest, investment, money, new york, obama, obama administration, rate, Retirees, taxpayers, us
more...ONE in four self-funded retirees has been forced to return to the workforce
July 16th, 2009 by Financial Writer
ONE in four self-funded retirees has been forced to return to the workforce or plan to as a result of their shrinking retirement nest eggs, according to a survey by research group CoreData.
The survey of more than 1000 self-funded retirees and those nearing retirement found four in 10 had lost more than $100,000 in the [...]
Tags: au, Retirees, shrinking retirement, workforce