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Etymologies
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Examples
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COLLINS: A major part of General Motors/United Auto Workers agreement reached this morning in something called a veba, which begs the question, what's a veba?
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LISOVICZ: Well, I actually wanted to talk about kind of the risks involved with the veba, Don, because this has been tried before.
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Basically, a veba or voluntary employee beneficiary association is a trust that helps pay for health care.
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LEMON: See, I knew you had more to add about veba.
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LEMON: A major part of General Motors and United Auto Workers agreement reached this morning is something called a veba.
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GM is putting a large portion of the $51 million it owes its retirees into the veba, but not the whole amount.
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The challenge for veba Electronics will be to provide a high level of technical services for OEM customers and materials management services for contract manufacturers, while finding new ways to reduce cost for both. veba, which last year acquired Wyle Electronics, had total North American sales of $1.89 billion and moved into the number three spot on the top 100 distributor list.
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He says 1998 looks like it will be a year of single-digit growth for distribution, but there is an opportunity for veba to grow market share, "depending on how successfully we can meet the changing needs of our customers."
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Meeting the demands of contract manufacturers will be crucial because it is such a quickly growing customer segment for veba and other distributors.
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The figure also reflects sales of Insight and EBV which are owned by veba as well.
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