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This Plan Could End Your 401(k) as You Know It
Philadelphia Business Journal Apr. 28, 2016
"Hamilton 'Tony' James, President of private equity giant Blackstone Group, and liberal leaning economist Teresa Ghilarducci have recently proposed a new plan for retirement savings, and it completely abandons the current 401(k) layout that has affected the lives of millions of Americans across the country.... But why have a labor economist and the president of a private equity firm, two polar opposites, come together to create such a plan? Tony James' background in private equity is worrisome, even if he says all the right things. There is something brewing in the background, with numerous private equity firms buying up insurance companies -- an unusual practice for the buy and sell market of private equity."
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