Comment on Pensions Has a Familiar Ring

In the March 4 article “First Executive Casts a Shadow Over Pensions,” an officer of First Executive states: “The company is in very robust financial health. Even suggesting we won’t perform on (pension) obligations is far-fetched.” This parallels the statements from their allies and partners-in-junk at Drexel Burnham Lambert who denied the filing-for-bankruptcy rumors the day before the actual occurrence.

ALBERT C. FARRELL

Beverly Hills