Tuesday, May 1, 1984

Interview With Pension Administrator Robert Monks [PDF]

Appointed at Pension Administrator in the U.S. Department of Labor by President Reagan in 1984, Bob Monks talks about his job as trustee of public employee benefits. 

"You cannot ignore the sheer volumes accounted for by pension funds. They represent something like one quarter of aU the stock in the markets, and they account for a little higher proportion than that in new issues. Sometime before the end of this century, pension funds will pass 50 percent ownership of publicly traded American corporations.  That raises a number of interesting questions. For instance, how will pension funds exercise the authority of ownership?"

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May 1, 1984 in Pension , ERISA , institutional investors , fiduciary duty  |  0 comments  | 
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