"[T]he Business Roundtable ... position ... properly frames the issues for the ERISA investment fiduciary: prudent assessment of an investment must take into account a broader view than the narrow financial analysis of the books and records of the company, or of current market pricing. Particularly for ERISA fiduciaries, the investment standard is long-term, to provide retirement income. Any valid, long-term analysis has to be able to take into account the social, political, market and scientific trends which will inevitably affect the investment’s value."  MORE >>