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Another solid C in finance. Congrats. They have 125b they can literally write a check against and allocate any way they want as long as it delivers an adequat
by kjs3 5mo ago
Another solid C in finance. Congrats.
They have 125b they can literally write a check against and allocate any way they want as long as it delivers an adequate return and doesn't piss off the shareholders. Other than sophistry, what's the difference?
- lmm 5mo ago> They have 125b they can literally write a check against and allocate any way they want as long as it delivers an adequate return and doesn't piss off the shareholders. No they don't. The pension regulator sets very restrictive controls on what they can do with that 125b, because it's neither the company's nor the shareholders' money.