The California Public Employees’ Retirement System (CalPERS) has positioned itself as the premier champion of investor rights, regularly singling out bad managers at some of the nation’s largest companies in its annual corporate-governance focus lists. And with $153 billion under management, Wall Street tends to listen when CalPERS speaks out. But the country’s largest pension fund has never taken on as big a fish as it did Dec. 16, when it filed a class action against the New York Stock Exchange and seven of its member firms. CalPERS’ suit charges the NYSE and specialist firms with fraud, alleging that the exchange skirted its regulatory duties and allowed its members to trade stocks at the expense of investors.
The move is a major slap in the face for the NYSE’s recently appointed interim Chairman John Reed. The former Citibank chairman and CEO came on board in September after the exchange’s longtime head, Richard Grasso, resigned und
A. CalPERS.
B. Pension fund.
C. Wall Street.
D. NYS
The California Public Employees’ Retirement System (CalPERS) has positioned itself as the premier champion of investor rights, regularly singling out bad managers at some of the nation’s largest companies in its annual corporate-governance focus lists. And with $153 billion under management, Wall Street tends to listen when CalPERS speaks out. But the country’s largest pension fund has never taken on as big a fish as it did Dec. 16, when it filed a class action against the New York Stock Exchange and seven of its member firms. CalPERS’ suit charges the NYSE and specialist firms with fraud, alleging that the exchange skirted its regulatory duties and allowed its members to trade stocks at the expense of investors.
The move is a major slap in the face for the NYSE’s recently appointed interim Chairman John Reed. The former Citibank chairman and CEO came on board in September after the exchange’s longtime head, Richard Grasso, resigned und
A. the NYSE did ignore its regulatory duties
B. John Reed should resign like his predecessor
C. the investors were dissatisfied with the NYSE
D. the exchange should have its board reelected
| The early retirement of experienced
workers is seriously harming the U. S. economy, according to a new report from
the Hudson Institute, a public policy research organization. Currently, many
older experienced workers retire at an early age. According to the recently
issued statistics, 79 percent of qualified workers begin collecting retirement
benefits at age 62; if that trend continues, there will be a labor shortage that
will hinder the economic growth in the twenty-first century. Older Americans constitute an increasing proportion of the population, according to the U. S. Census Bureau, and the population of those over age 65 will grow by 60% between 2001 and 2020. During the same period, the group aged 18 to 44 will increase by only 4%. Keeping older skilled workers employed, even part time, would increase U. S. economic outp A. constructive B. significant C. inconclusive D. detrimental [单项选择]HOW BABY BOOMERS ENVISION THEIR RETIREMENT
The Baby Boom generation—the cohort of Americans born between 1946 and 1964—has long commanded the attention of demographers, politicians, marketers, and social scientists. (0). Their mass alone has had an enormous impact on the national psyche, political arena and social fabric. From the youth culture they created in the 1960s and 1970s to the dual-income households of the 1980s and 1990s, this generation has reinterpreted each successive stage of life. (8).
Baby Boomers envision a very novel type of retirement. (9). Fully eight in ten Baby Boomers say they plan to work at least part-time during their retirement; just 16% say they will not work at all; a little over a third say they will be working part-time mainly for the sake of interest and enjoyment; about one quarter say they will work part-time mainly for the income it provides; others envision stating their own business or working full-time at a new job or career.
The
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