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Conflicts of Interest in Bank Trusts and Pension Funds
New York reports by the Twentieth Century Fund examine conflicts of interest in securities markets. Edward S. Herman critiques bank trust departments for favoritism toward personal trusts while urging reforms. John Brooks analyzes corporate pension fund management and the impact of ESRA 1974 with calls for enforcement. The fund plans further studies and public meetings to discuss findings.
MENTIONED IN THIS ARTICLE
New York
Twentieth Century Fund
Edward S. Herman
Wharton School
University of Pennsylvania
Commercial Bank Trust Departments
Nowbanks
John Brooks
Brooks
Herman
Continental Illinois
Morgan Guaranty
Chase Manhattan
Penn Central
Management Assistance
Lum’s
TWA
U.S. Freight
Trust Department
Aote
Pension Funds
Pension Fund
Martin Mayer
Nicholas Wolfson
University of Connecticut
Louis M. Kohlmeier
Morgan Shipman
Ohio State University
Roy A. Schotland
Georgetown University
William L. Cary
Securities and Exchange Commission
Dwight
Columbia University
Benjamin V. Cohen
Roger F. Murray
S. Sloan Colt
William Stott
Morgan Guaranty Trust Company
William Stott Associates
Burlington
Vermont
M. J. Bossant
East 70Th Street
N.Y