Colgate-Palmolive Committee Stands Firm: The $3.3 Billion 401(k) Twist

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Colgate-Palmolive's $3.3 billion 401(k) plan

In the bustling heart of New York’s legal arena, the team overseeing the colossal Colgate-Palmolive’s $3.3 billion 401(k) plan remains unwavering. They’re beckoning a federal judge to toss aside a former top-brass executive’

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;s cry over a jaw-dropping $600,000 siphoned right out of her retirement coffer, alluding that a hacker’s “masterful deception” shouldn’t point fingers at them.

The Web of Accusations

“In the vast world of cybernetics, where hackers dance their mysterious waltz, how could a committee foresee a con so shrouded in artistry?” argued the Employee Relations Committee of Colgate-Palmolive Co. On Tuesday, they fired their salvo, contending that Paula Disberry, the former luminary, couldn’t present a shred of evidence implying they had strayed from their guardian role under the Employee Retirement Income Security Act.

The committee fiercely combats the narrative, stating, “It wasn’t our error but a meticulously crafted scam that begun with the exfiltration of Disberry’s secrets and mail, that’s to blame.”