8legs: New york city comptroller's office

#1 out of 155.56%

Brad Lander’s departure as NYC comptroller is good news for Gotham’s $300B pension fund

Brad Lander’s exit as NYC comptroller could help stabilize the city’s $300B pension fund, according to the columnist.
The piece argues Lander’s push to curb BlackRock’s energy holdings and enforce ESG goals may not serve NYC retirees.
The article suggests Lander’s activism is more about political ambitions than securing pension fund gains.
The narrative notes the pension fund trustees, not just the comptroller, guide investment decisions.
The column questions the practicality of Green Energy policies for funding NYC retirees.
The piece references Mark Levine as the potential replacement who might take a different approach.
The article emphasizes that the pension fund's underfunding and the need for prudent management remain critical.
According to the column, the comptroller holds one vote among trustees, limiting unilateral influence.
The piece frames NYC politics as increasingly partisan and risky for pension stewardship.

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