Word: pensioned
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...through scoldings from their guest speakers, especially from one appointed by a President who has twice won their endorsement. But a scolding is precisely what some 2,000 Teamsters representatives got from Labor Secretary William Brock as they gathered in Las Vegas last week. Listing "mobbed-up locals" and "pension-fund abuse" as just two of the union's problems, the Labor Secretary bluntly declared that the Teamsters have "lost a great deal of public trust." Brock, who served as chairman of the Republican National Committee from 1977 to 1981, went so far as to warn the Teamsters that they...
...instead of maneuvering around private pension funds, the 102-member staff at HMC guards a portfolio that pays professors' paychecks and student financial aid. Twenty percent of the return on investments in 1984-85 helped bankrolled the University's $650 million budget, while the rest was reinvested...
...need to protect the endowment's purchasing power from market and inflation fluctuations can also guide the way Harvard invests. "Universities live to a certain extent off endowments," says Nicholas Potter, head of investments for J. P. Morgan and Company. "They take a different approach than pension funds and tend to be more conservative because they can't take risks in the long term...
Both the council and the bill of rights are expressions of growing restiveness at some of the country's biggest public pension funds. The group was founded 15 months ago by fund managers who have some 60% of their assets invested in stocks and bonds and who have felt unfairly battered in the merger and takeover wars that have rocked Wall Street. In their view, many of those battles led to substantial portfolio losses for investors as beleaguered corporate executives paid off would-be takeover artists with greenmail, adopted so-called poison-pill measures to dissuade unwanted suitors by making...
...January 1985, after California's pension funds had taken a drubbing in the wake of Disney and Texaco greenmail payouts, Unruh persuaded managers from across the country to fight for better protection for their investments. Council members now include representatives of huge funds in California, Kansas, Illinois, Wisconsin, Massachusetts, Minnesota, New Jersey and New York City...