article thumbnail

E.S.G. Good for Wall Street Bad for America

David Nelson

I think most of us want to see the sustainable platform succeed, but the rational among us know that we aren’t going to get there by trashing the global economy along the way. Do the Math! Vanguard CEO Tim Buckley recently pulled out of the Net Zero Managers Initiative, affirming his fiduciary duty to clients.

article thumbnail

Transcript: Gretchen Morgenson

The Big Picture

It had been prevented, had been barred from that before because of this fiduciary duty idea and also because of the opacity of these instruments. An economy does better if the most people are prosperous, right? The Labor Department under Donald Trump did open the door for private equity to get into 401(k)s.

Insurance 143