The Lessons of First Data Corp's Suspension of 401(k) Contributions

Expert Guest Entry by Stephen D. Rosenberg, Originally Posted on bostonerisalaw.com There is a fascinating story in today’s Wall Street Journal, about First Data Corp. abandoning the practice of making cash contributions to employee 401(k) accounts, as part of cost cutting clearly designed to make the company more profitable (or at least profitable enough) to hold an IPO, which…