The O.C. Register’s Supremely Ghoulish Financial Strategy

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By: Michael Hiltzik | Los Angeles Times

How’s this for a creepy communication from your company management? Earlier this month — and a few days after about 30 newsroom employees at the Orange County Register were laid off — many of those who remained employed got an email informing them that the company wished to buy life insurance on them.

The beneficiaries of these million-dollar-plus policies wouldn’t be the employees or their families, but the company — more specifically, its pension plan.

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