User:MainlyTwelve/pensionfundactivism

Source: Wikipedia, the free encyclopedia.

Pension-fund activism is the proactive use of the economic clout held by

pension funds
to materially improve working conditions and the conduct of corporations on behalf of unions and the pension's contributors. Pension funds are responsible for providing retirement income for employees in both the private and public sectors in some countries. The four largest are based in the four largest are based in the United States, Australia, Japan, and Norway, respectively. In the United States, pension funds control some 10-15% of the American securities market.

"Pension-fund activism" differs from the tactics taken by so-called "

activist shareholders
", in that it is ostensibly focused by social good rather than driving increased profits for shareholders. However, pension managers can also engage in activism purely motivated by an attempt to increase their returns.

References

  • Farkas, Bob (16 April 2018). "The Mirage of Pension-Fund Activism". Jacobin. Retrieved 18 April 2018.
  • McCarthy, Michael (7 March 2014). "Which Side Is Your Pension On?". Jacobin. Retrieved 18 April 2018.
  • Nolan, Hamilton (26 March 2018). "The Working Class Has a $3 Trillion Weapon. Are They Willing to Use It?". Splinter. Retrieved 18 April 2018.


activist share-holding

reference footnotes[1]

  • "...these results cast doubt on the effectiveness of pension fund activism as a substitute for an active market for corporate control"
  • motivations & results of pension "activism"
  • fluff piece about behavior more in line with private activist investors
  • governance, not activism
  • breakdown of demands by NYC pensions, specifically
  1. ^ Farkas, "The Mirage of Pension-Fund Activism"