The British Home Stores pension scheme: privatised looting?
2019
50
4
July
331-347
pension scheme ; financialisation ; privatization ; enterprise restructuring
Social protection - Old age benefits
https://doi.org/10.1111/irj.12261
English
Bibliogr.
"On entering administration, British Home Stores owed its pension scheme £571 million—a significant employment relations issue of historical wage theft by investor–owner managers. The article locates ‘lawful' looting of business assets in a framework that builds on Ackerlof and Romer's theory of bankruptcy for profit and connects this to an empirical narrative on business re‐structuring at British Home Stores towards administration."
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