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Bush Appoints Boston-Based Investment Executive to IRA Commission.
Knight Ridder/Tribune Business News, May, 2001
By Sue Kirchhoff, The Boston Globe Knight Ridder/Tribune Business News
May 3--WASHINGTON, D.C.--If your goal is to transfer trillions of dollars from Social Security to Wall Street, few people would understand the details of managing millions of individual accounts better than Robert C. Pozen, vice chairman of Fidelity Investments and one of the country's most powerful financial executives.
Pozen yesterday was appointed to a special 16-member commission created by President Bush to flesh out his campaign proposals for overhauling the federal retirement system, including a controversial plan to let individuals invest a portion of program payroll taxes in the stock market. Supporters of such accounts believe that harnessing the power of the markets...
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