A survey of more than 85 senior level financial executives at US-based companies reveals few are taking steps to cut costs and improve governance but are reacting to the economic crisis by decreasing equities and eliminating defined contribution investment options. The report by Watson Wyatt shows that two thirds of companies have made changes, or are planning to make changes to their defined benefit asset allocations, while more than half have already made changes, or plan to make changes, to the investment lineups of their defined contribution plans.
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