Maxwell's spectre haunts Trinity Mirror

The ghost of my old boss, Robert Maxwell, is still hanging over Trinity Mirror 15 years after the his death. Private equity groups that have expressed tentative interest in buying the group have discovered that it is still suffering from Maxwell's legacy of pension deficits. There is a £233m "retirement benefit obligation" (aka pension shortfall) despite Trinity having reduced the deficit sharply in recent years. But such deficits are rarely insurmountable, and they have proved to be sticking points in many previous deals. (Via ft.com)