6. +1. In fact, they already stole the pensions once during an earlier bankruptcy.
The bad news continued in 1984, as Interstate racked up $4.2 million in red ink. At that time, the company appointed a new president, Robert Hatch, a veteran of General Mills, who came on board just days before Interstate's bankers demanded payment on $36 million worth of loans. In an effort to get the company out of the shadow of its computer-leasing losses, Interstate took another $21 million writeoff and cashed in its $37 million pension fund to pay off the banks.