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by kjs3
26 days ago
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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 adequate return and doesn't piss off the shareholders. Other than sophistry, what's the difference? |
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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.