Gardere Partner Michael A. Abbott spoke with the Houston Chronicle about recent employee benefits changes at Houston-based Halliburton. The oil services company plans to reduce its 401(k) contributions in an effort to preserve jobs until oil prices rebound and business returns.
According to Mr. Abbott, other energy companies could follow suit and impose similar modifications to their retirement plans since a 401(k) contribution is “one thing that they can cut that’s not as painful as an employment termination.”
Subscribers can access the full article here.
Related News
19 March 2025
In the News
Mark Neuberger Featured for Legal Career, Pro Bono Service
Foley & Lardner LLP of counsel Mark Neuberger is featured by Biscayne Bay Tribune for his distinguished legal career and commitment to pro bono service in the article, “From the Boardroom to the Arts: Mark Neuberger’s Unique Approach to Law.”
19 March 2025
In the News
James McFall on NIL Deals – 'Essential for student athletes to fully grasp their commitments'
Foley & Lardner LLP partner James McFall shared insights on name, image, and likeness deals (NIL) in the MassMutual article, "Using NIL deals to set the stage for financial success."
18 March 2025
In the News
Foley Attorneys Featured for Arrival to Miami Office
Foley & Lardner LLP partners Vanessa Singh Johannes and Charles Throckmorton are featured for their recent arrival to the firm alongside associates Samantha Goldstein and Holli Gray in the Daily Business Review article, “Foley & Lardner Poaches Team of 4, Including Miami Office Leader, From Carlton Fields.”