The Pension Fund Revolution

The Pension Fund Revolution
Author :
Publisher : Transaction Publishers
Total Pages : 245
Release :
ISBN-10 : 9781560006268
ISBN-13 : 1560006269
Rating : 4/5 (269 Downloads)

Book Synopsis The Pension Fund Revolution by : Peter F. Drucker

Download or read book The Pension Fund Revolution written by Peter F. Drucker and published by Transaction Publishers. This book was released on 1992 with total page 245 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 country'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. While readers of the original edition found these conclusions hard to accept, Drucker's work has proven to be prescient. In the new epilogue, Drucker discusses how the increasing dominance of pension funds represents one of the most startling power shifts in economic history, and he examines their present-day impact.


The Pension Fund Revolution Related Books

The Pension Fund Revolution
Language: en
Pages: 245
Authors: Peter F. Drucker
Categories: Business & Economics
Type: BOOK - Published: 1992 - Publisher: Transaction Publishers

DOWNLOAD EBOOK

In The Pension Fund Revolution, originally published nearly two decades ago under the title The Unseen Revolution, Peter F. Drucker reports that institutional i
The Unseen Revolution
Language: en
Pages: 223
Authors: Peter F. Drucker
Categories: Political Science
Type: BOOK - Published: 2013-09-11 - Publisher: Elsevier

DOWNLOAD EBOOK

The Unseen Revolution: How Pension Fund Socialism Came to America covers the principles and concepts of the American pension fund socialism. This book is compos
The Pension Fund Revolution
Language: en
Pages: 245
Authors: Peter F. Drucker
Categories: Business & Economics
Type: BOOK - Published: 2017-07-28 - Publisher: Routledge

DOWNLOAD EBOOK

In The Pension Fund Revolution, originally published nearly two decades ago under the title The Unseen Revolution, Drucker reports that institutional investors,
The Pension Fund Revolution
Language: en
Pages: 244
Authors:
Categories: Business & Economics
Type: BOOK - Published: 2011-12-31 - Publisher: Transaction Publishers

DOWNLOAD EBOOK

In The Pension Fund Revolution, originally published nearly two decades ago under the title The Unseen Revolution, Drucker reports that institutional investors,
A History of Public Sector Pensions in the United States
Language: en
Pages: 280
Authors: Robert Louis Clark
Categories: History
Type: BOOK - Published: 2003-05-12 - Publisher: University of Pennsylvania Press

DOWNLOAD EBOOK

From the Wharton School, offering a comprehensive assessment of the political and financial dimensions of public-sector pensions from the colonial period until