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Pension Plan Managers Aren’t Supposed to Solve the World’s Problems
U.S. Secretary of Labor Eugene Scalia, in Tampa Bay Times Link to more items from this source
[Opinion]
Nov. 3, 2020

"[T]he enormous sums of money in retirement plans inevitably catch the attention of people who would like to use those funds to advance causes of personal interest to them.... ERISA doesn't task retirement plan managers with solving the world's problems. It doesn't ask them to be ecologists, sociologists and public policy experts all at the same time. Nor does it ask managers to take on politicians' job of determining which societal trade-offs are acceptable."

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