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most companies, the pension money would have remained a corporate asset -- and subject to seizure by creditors. Transferring the money to the bankruptcy-proof trusts typically triggers big tax bills for the executives, so Delta pibgorn inflated the amounts to compensate for the extra taxes. Other troubled companies that have created similar trusts for executives include UAL Corp., parent of bankrupt United Airlines, and defunct steel concern LTV Corp.Lifetime life insurance. For awhile, split-dollar pibgorn life insurance arrangements were all the rage among pibgorn well-heeled executives. Companies paid the premiums for enormous policies that ultimately benefited the executives’ heirs. Cendant, for example, paid about $4 million a year for a $100 million policy on CEO Henry R.
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