Editorials

  1. Legacy of innovation, resiliency

    truePension funds 40 years ago, while in aggregate enormous by the standards of the day, were tiny by today's measures.

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  2. Adding value by activism

    trueThe Timken Co.'s plan to split its businesses into two separate publicly traded companies takes shareholder activism to a new level, putting more pressure on companies to improve corporate performance.

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  3. Derailing pension reforms

    trueThe Obama administration is using the federal government's financial clout to attempt to weaken public employee pension reforms passed last year by the state of California. In particular, it is holding up transit project funding for California to try to force state officials to dilute those ...

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  4. Rethinking disorder, fragility

    truePension funds and other asset owners need to think like Rahm Emanuel and steer their investments to perform well in crises. They cannot let adversity go to waste.

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  5. How Detroit can help itself

    trueDetroit offers many lessons for the public and private sector from how it dug itself into the deep fiscal troubles that led to its July 18 filing for Chapter 9 bankruptcy protection — and how to avoid falling into a fiscal abyss.

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  6. Fiduciary delegation

    trueTo meet the challenge of achieving their objectives, some plan sponsors and other asset owners have embraced a relatively new tool: investment outsourcing — that is, outsourcing all of the investment management and oversight function.

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  7. Loyalty and accountability

    trueThe mechanism for electing and replacing directors on corporate boards — the shareholder vote — isn't working as it should at many companies.

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  8. A new level for incentives

    trueProposals for performance-based pay for directors - potentially paying in the millions of dollars, as arose in two proxy proposals this year - should draw more attention to the compensation structure for corporate board members.

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  9. Paying for performance

    truePublic pension funds face the challenge of competing with the private sector to recruit and retain investment talent.

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  10. Fixing the retirement system

    trueAccording to Laurence D. Fink, chairman and CEO of BlackRock Inc., the U.S. needs a form of mandatory savings to supplement Social Security because the current defined benefit and defined contribution plans aren't providing sufficient retirement income.

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  11. Bullies and DB plans

    trueThe American Federation of Teachers has generated a lot of heat but not much light in naming investment managers purportedly opposed to defined benefit plans.

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  12. Taxing pensions and 401(k)s

    truePresident Barack Obama's federal budget proposal to restrict accumulations in retirement programs would, if enacted, affect in a direct way only a very few participants, but would undermine the pension system and hurt all participants in it.

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  13. Embracing Canada's idea

    trueThe Canadian federal government's new proposed budget has a constructive idea pension funds and other fiduciary institutions should consider for strengthening their governance structure.

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  14. Suing about say on pay

    trueSay on pay is becoming “sue on pay” at some companies.

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