The above title came from an opinion piece in the April 29th edition of The Moscow Times, an English-language daily newspaper. One of its former editors wrote it and commented rather unfavorably on "janitors insurance," the subject of a recent series of articles in the Wall Street Journal.

For those who don't know, janitors insurance is corporate-owned life insurance (COLI) taken out on the lives of employees--from the executive level all the way down to the lowest-paid. COLI policies have received intense scrutiny from the IRS over the years including the contesting of deductions for the interest of policy loans.

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