"In determining the risk and return ratio of an ETI versus another investment option, it is appropriate to consider risk factors specific to the industry (such as the prospect of legislation or litigation that might affect the value of stock in tobacco companies) ... Fiduciaries must consider the consequences to future retirees as well as current retirees. For example, they should take into account societal shifts that may affect investments over the long term, even if not in the short term."  MORE >>