The Pension Fund Revolution

The Pension Fund Revolution In The Pension Fund Revolution originally published nearly two decades ago under the title The Unseen Revolution Peter F Drucker reports that institutional investors especially pension funds have

  • Title: The Pension Fund Revolution
  • Author: Peter F. Drucker
  • ISBN: 9781560006268
  • Page: 461
  • Format: Paperback
  • In The Pension Fund Revolution, originally published nearly two decades ago under the title The Unseen Revolution, Peter F Drucker reports that institutional investors, especially pension funds, have become the controlling owners of America s large companies, the county s only capitalists He maintains that the shift began in 1952 with the establishment of the first moderIn The Pension Fund Revolution, originally published nearly two decades ago under the title The Unseen Revolution, Peter F Drucker reports that institutional investors, especially pension funds, have become the controlling owners of America s large companies, the county s only capitalists He maintains that the shift began in 1952 with the establishment of the first modern pension fund by General Motors By 1960 it had become so obvious that a group of young men decided to found a stock exchange firm catering exclusively to these new investors Ten years later this firm Donaldson, Lufkin, Jenrette became the most successful, and one of the biggest, Wall Street firms Drucker s argument, that through pension funds ownership of the means of production had become socialized without becoming nationalized, was unacceptable to the conventional wisdom of the country in the 1970s Among the predictions made by Drucker in The Pension Fund Revolution are that a major health care issue would be longevity that pensions and social security would be central to American economy and society that the retirement age would have to be extended and that altogether American politics would increasingly be dominated by middle class issues and the values of elderly people.

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      Posted by:Peter F. Drucker
      Published :2019-02-14T07:45:36+00:00

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