February 1998

Boiling Point

The corporate governance wars are heating up, and on more than one front. Last month, responses were still pouring into the Securities and Exchange Commission over its proposed new rules for how shareholder proposals are submitted.

Paula Godfrey

Retired personnel administrator, City of Seal Beach, California, 75

For The PBGC, a Judgement and an Audit

A court ruling defines when the agency is-and is not-bound by fiduciary duties. Meanwhile, an audit begins of delays in benefits notifications

Sundeep Anand, Treasurer, the Smithsonian Institution

The Smithsonian Institution's none-too-modest mandate is to stimulate "the increase and diffusion of knowledge." This was the mission set forth in 1826 by founder and benefactor James Smithson, a Briton who never set foot in the US.

Big Blue’s Pension Makeover

IBM's pension team has restructured $79 billion in global assets to cut costs, improve returns, and make IBM pension plans in 45 countries work more closely together. Here's how.

“Rationalizing” the Plan Participant

Understanding behavioral concepts can help plan sponsors improve the design of their defined contribution plans and participants' ability to make the best use of them, experts say.

Combat Zone

One of these days, Vietnam could still be an Asian investment star. But a closer look at this evolving economy points up the pitfalls of emerging markets for US investors

“Equitization” and Its Agonies

Stock ownership in Vietnam is not easy. Buying shares in so-called "equitized" companies is next to impossible, joint ventures are wobbling, and local entrenreneurs are hard to find

Hot Hand, Cool Reception

Direct IPO investing is producing heady returns for some plans. Will more jump in?

New Investment Opportunities in Real Estate

The real estate market has undoubtedly entered a flush period. Private investors, real estate investment trusts, and limited partnerships are all scanning the landscape in search of buying opportunities. But parking lots?

Pay-to-Play

Scrutiny of unethical practices at public funds is intensifying. But will self-policing efforts succeed?

The SEC’s Proxy Fight

Suggestions for streamlining the shareholder proposal process ignite fury from activists

Downsizing’s Aftershock

How Ceridian lost a court battle over the size of lump-sum early retirement benefits

Multiemployer Pension Plans

Why preserve multiemployer plans? Workers get pensions organized for today's and tomorrow's needs