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Slow Process Seen in Naming Gotbaum Successor at PBGC
Pensions & Investments Link to more items from this source
July 21, 2014
"Sources cited several reasons for there being no quick appointment. One is the political nature of the job ... Then there is the job itself, which requires both administrative and political skills, and comes with competing constituencies that guarantee criticism from plan sponsors or participants or both. The demands of the job have weighed heavily on past directors, with some serving for as short as nine months. Mr. Gotbaum will have served the longest, at four years, when he departs."

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