Well, there’s the Defined Benefit pension, however typically these pension funds then become institutional investors who seek to own shares in… you guessed it - stocks.
At least those institutional investors are at least somewhat responsive to public pressure campaigns, as the state/local comptrollers are a politically appointed position.
When you give your money to a 401k, the fund manager gets all the voting rights on the corporate board and is generally only accountable to “A reasonable rate of return”
Well, there’s the Defined Benefit pension, however typically these pension funds then become institutional investors who seek to own shares in… you guessed it - stocks.
At least those institutional investors are at least somewhat responsive to public pressure campaigns, as the state/local comptrollers are a politically appointed position.
When you give your money to a 401k, the fund manager gets all the voting rights on the corporate board and is generally only accountable to “A reasonable rate of return”