Before I go into flour, make sure specify that I am talking about pension plans, not pensioners and pensioners, although there is obviously an important two – way relationship. I clarify this because we will not talk about introducing technology among our elderly and people who have already left working hours for whatever reason. This is also undoubtedly a really interesting topic, and we addressed it a few months ago when we were talking about the digital divide.

It is not that we are talking today about pension plans, whether private, public or semi-public, which are fully or partially supported by private sector investment. Because seeks to guarantee the economic stability of its investors When the time comes, retirement plan managers usually prioritize security, even if it means giving up potentially very profitable operations, which, however, carry a high degree of risk.

Of course, this does not mean that private retirement plans are anything 100% safe.. From unexpected reversals that dramatically affect investment performance, to scams that promise to be very profitable until the perpetrator either suddenly disappears with money or ends up behind bars, mutual fund-based retirement plans can escape market dynamics.

A) Yes, managers of these pension schemes are considered to be particularly reluctant to have the potential impact of certain operations, such as mergers or acquisitions, and that, on certain occasions and circumstances, they do not skimp on measures to prevent their implementation. And not always, but sometimes, when there are gray dots in them, a judicial route can be included in their plans.

Retirement Plans and Microsoft-Activision Blizzard

Before Microsoft’s acquisition of Activision Blizzard made headlines, we told you that several U.S. Treasurers had joined the call for radical measures to mitigate the impact of the company’s toxic policies on its share price. And some of them are responsible for retirement planswho were affected by the terrible management of the company’s CEO in relation to the toxic work culture that had prevailed in the company for years.

We learned that this week New York City employee retirement system (pension fund for city firefighters, police officers and teachers) decided to bring the purchase operation to court. The lawsuit alleges that the CEO and the board of directors hastened the sale in an attempt to evade their responsibilities in the company’s internal management, which led to the collapse of its shares, which affected its retirement plans.

«Given Kotick’s personal responsibility and responsibility for Activision’s “broken” work environment, it should have been clear to the board that he was not qualified to negotiate the sale of the company.“Says the lawsuit. «The merger not only offered Kotick and his fellow directors a way to escape responsibility for their gross trusts, but also offered Kotick the opportunity to make significant loss-making profits.»

Retirement plans and Twitter

On the other hand, today we also learned about another event in this regard, which, however, points to the purchase of Twitter by Elon Musk. In this case the lawsuit is based on the Orlando Police Pension Fund, responsible for the pension plans of that body. In their case, yes, they are not against the purchase operation itself, but against the conditions under which both parties intend to carry it out.

And it’s because, as we told you, Musk’s plans go through the fact that next Christmas he eats nougat, because he already owns and probably also the general director of the social network. The fund responsible for the Orlando police retirement plans, however rejects that this could be done in less than a yearperiods that they consider insufficient to be able to determine all the consequences of the operation, and which may mean that their investment in Twitter is not as profitable as it could be.

In this case, the lawsuit of the retirement plan manager against Paraga Agrawal, the general manager of the social network since Jack Dorsey left the company, was filed in Delaware State and also in New York State. against the purchase of Activision Blizzard and is based on the fact that the laws of that state prevent a rapid merger because Musk had agreements with other major Twitter shareholders to support the purchase, including Morgan Stanley, his financial advisor and Twitter founder, Jack Dorsey. Its aim is to ensure that the operation is not completed before 2025.

With information from Digital Trends and Business Insider