How is this new? Paul Weatherhead, Jack T. and some others have discussed it here http://www.worldatwork.org/waw/community/discussions/discuss.jsp?did=29291 and I recall something called ERISA being passed in way back in 1974 to make it completely impossible for such scams to ever occur again. Ah, but I should never have underestimated the creativity of attorneys and accountants eager to create that result so clearly desired by their paymasters.
If this is such a scandal, where has our society been? Why have none of our benefits specialists and pension gurus been sounding warnings about the unethical if not illegal behaviors? What is the use of a Total Reward professional group that has no idea what is happening in its field?
On the other hand, if this book is simply a typical self-aggrandizing journalistic rant pillorying a tiny handful of individuals for the usual reckless abusers found as outliers in every human endeavor, then it's just a flash in the pan statistical aberration and unworthy of serious note... except to watch to confirm that the offenders get their just deserts (NOT bailed out, as usual).