Saturday, April 20, 2013
Companies put real objects, even food, into the balance sheets of their pension plans
Julia Werdigier and Mary Williams Walsh have a humorous analysis in the Business Day section of the New York Times Saturday, April 20, 2013, “What’s in Your Pension Plan? Companies substitute tangibles, likes cheese or aged wine, for investments”, link here.
Companies have started placing tangible objects (as inventory) into the balance sheets for pension plans, and it is apparently not clear where Labor Department rules would allow it. But there is no rule against states doing this with public employees. The state of Alabama put some of its golf courses into its public plans.
If my “company” had employees, could I put copies (“instances”) of my book(s) in the “Plan”? Could I put an unpublished novel manuscript in it, based on the theory of future value?
It seems like it’s easy to make up value. That’s not even true for bitcoin.