[quote=sdrealtor][quote=SK in CV][quote=harvey][quote=SK in CV]My credibility is shot? I’m not the one that said companies with defined benefit plans don’t have any investors. You just acknowledged that 17% of Fortune 100 companies still have them. Across thousands of public companies, that would amount to hundreds that still have defined benefit plans. And every one of them still have investors.[/quote]
We’ll ignore the bit where he completely misrepresents what I said, because this one is more fun:
17% of 100 = “hundreds”
What was that about exaggeration being a bad thing?[/quote]
Read what I said and the arithmetic might be easier.
“Across thousands of public companies, that would amount to hundreds that still have defined benefit plans.”
There are roughly 15,000 public companies in the US.
15,000 x 17% = 2,550
And which part of this did I misrepresent?[/quote]
How hard is it to see? You multiplied fifteen thousand by seventeen percent to get two thousand five hundred and fifty defined benefit plans. Thats a misrepresentation.[/quote]
Well, no. I said it was hundreds and you did the math can came up with 17. I just did the math across all public companies and came up with a number. You’ll have to search pretty hard to find where I said that there are that many DB plans in public companies. Even acknowledging that some of those public companies may not be operating companies, and just using the big board listed companies, its still hundreds.
