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Search resuls for: "Todd Russ"


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A Historic Breach of Fiduciary Duty
  + stars: | 2023-05-16 | by ( Marlo Oaks | Todd Russ | ) www.wsj.com   time to read: +1 min
Highlights from a Fox Business interview with Jamie Dimon, in which the J.P. Morgan CEO discussed issues surrounding his WSJ op-ed, 'The West Needs America's Leadership.' Image: Zuma Press Composite: Mark KellyMany American workers don’t realize that their hard-earned money is being used against them. It is perhaps the most severe breach of the fiduciary standard in American history. Treasurers and other state financial officers are fiduciaries—legal stewards of Americans’ retirement assets, not the owners of those assets. Lately such proposals have included requests that U.S. financial institutions align their lending, financing and underwriting activities with a net-zero-emissions world.
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