Quick Picks: Murtha’s Troubles and CEO Pensions
Quick Picks focuses on a select few of the day’s stories from “Breaking on the Web.”
- Prolific pork king Rep. John P. Murtha of Pennsylvania may be in hot water. As Politico details, federal agents raided offices of Kuchera Industries and Kuchera Defense Systems Thursday. During his tenure in Congress, Murtha has steered more than $100 million in contracts to the defense contractor, and received more than $65,000 in campaign contributions from the firm and its employees.
- Today’s Wall Journal Street reports that departing CEOs of some of the largest U.S. companies are boosting the value of their pensions by as much as 40 percent by requesting a lump-sum payment, and then calculating its value based on an obsolete federal interest-rate formula. When regular workers retire, they are more often subject to stricter rules on how a lump sum payment is calculated.
Check out more of our roundup of the best investigative stories around the Web.
Our Hottest Stories
- Segregation Now
- MIA In The War On Cancer: Where Are The Low-Cost Treatments?
- Long After Sandy, Red Cross Post-Storm Spending Still a Black Box
- Even After Doctors Are Sanctioned or Arrested, Medicare Keeps Paying
- Shake-Up Inside Forensic Credentialing Org
- The U.S. Government: Paying to Undermine Internet Security, Not to Fix It
- Republicans Say No to CDC Gun Violence Research
- Meet the Doctor Who Gave $1 Million of His Own Money to Keep His Gun Research Going
- What Newly Released Docs Tell Us About the IRS and How It Handles Dark Money Groups