Friday, March 25, 2005

Leverage

"Until companies understand that it costs money to be bad actors, they will continue to be bad actors".

MONTPELIER — The Vermont State Teachers' Retirement System on Tuesday became the first public pension board in the country to take formal action against President Bush's Social Security reforms.

The trustees of the largest of Vermont's three public pension boards voted 4-2 to make it harder for investment firms that support those reforms to manage the $1.2 billion in assets in the teachers fund.

This lesson about not allowing companies to use your money against you came from my favorite newlywed. Thanks Josh, and congratulations!

Alice has been hopping up and down trying to get us to do the same thing with our 401K's for a long time now.
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