As you know, yesterday I completed my tenure as Pension Administrator of teh Office of Pension and Benefit Welfare Programs at the U.S. Department of Labor. In the past year, I have been consistently concernced with one central theme: that ERISA obligates fiduciaries to act responsibly, not only with respect to choosing investment prudently, but also with respect to taking action regarding corporate governance issues involving corporations whose securities they hold. 1985.
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