Two things wrong with giant union retirement funds failing their fiduciary responsibilities. They influence corporations to waste money thereby penalizing stockholders who have no use for or interest in unions. They also could risk the viability of the funds and the rest of us, some of whom detest unions, will invariably be forced to bail them out.
Great piece - thanks for educating me more on this!
Two things wrong with giant union retirement funds failing their fiduciary responsibilities. They influence corporations to waste money thereby penalizing stockholders who have no use for or interest in unions. They also could risk the viability of the funds and the rest of us, some of whom detest unions, will invariably be forced to bail them out.