Often these individuals are a lot more knowledgeable regarding public pension matters than the investment business.
Mr Orcel is in the process of overhauling the investment business, with 2, 000 job losses expected.
Perhaps the biggest warning sign was the secrecy with which the investment business was conducted.
His comments came despite a 45% increase in profit for his Berkshire Hathaway investment business.
Here are six fundamental truths about the investment business that are often overlooked that should be remembered.
FORBES: Pension Consultant Conflicts of Interests (April 1, 2002 )
Seeking to capitalize on interest in the hands-off approach, the investment business dreamed up the index fund.
So as much as possible, government should keep out of the investment business.
Chapman will also have her own column, called Field News, where she will opine on major events in the Russian investment business.
FORBES: Ex-Russian Spy Anna Chapman Becomes Financial News Editor
He has since been disbarred from the investment business but not until after he made tens of millions of dollars promoting the stock.
I'm in a new partnership in an investment business and both of those bank accounts were closed today as a result of this story.
The two businesses the trading business where Mark Madoff worked and Bernard Madoff's fraudulent investment business--were generally kept separate, former employees of the firm say.
But the investment business seems to find any measure better than none even if it turns out to be a few inches short of a yardstick.
For instance, in late 1999, he signed the Gramm-Leach-Bliley Act that repealed parts of the Glass-Steagall Act, prohibiting commercial banks from getting into the investment business.
Low cost mutual fund giant Vanguard announced today that it is bringing its signature investment business to Canada a move that will put pressure on an industry marred by high fees and expenses.
FORBES: Fees, Eh? Vanguard To Enter Canada's High Cost Mutual Fund Market
Mr Madoff's investment business was overseen by the Securities and Exchange Commission (SEC), but it failed to carry out any examinations despite receiving complaints from investors and rivals since as long ago as the late 1990s.
"The NFL is pretty good when it comes to running a sports and entertainment enterprise, but we're not very experienced in the direct investment business, " said Eric Grubman, the league's executive vice president for business ventures.
WSJ: NFL Teams With Private-Equity Firm to Seek Media, Tech Investments
But in my discussions with Matt Philo, head of MacKay Shields High Yield Group and a longtime investor in both high-yield bonds and loans, we concluded that generalizing is often difficult to do in the investment business.
Authorities were only alerted to the alleged Madoff scheme in December, and it could be years before the bankruptcy trustee liquidating Madoff's investment business determines what individual investors will recover, and hence, (as the IRS sees it) what their deductible losses are.
The UK's borders must be "as open as possible" to genuine foreign visitors and business investment, Business Secretary Vince Cable has said.
BBC: Vince Cable: UK borders must be open to genuine investors
The slowdown in business investment compared to business saving is an excellent example of the adverse consequences from the increased government spending.
Fortunately, business investment has done very nicely, thank you, despite the sluggish economy growing 8.4% over the past year and at an annual rate of 10.8% over the past two years. (The corresponding growth rates for GDP were about 2%.) So while there's always room for improvement, business investment is not part of the problem.
The smaller partner had "not been prepared to consider selling its investment banking business".
The result will be less savings, investment, business creation, business expansion, job creation, and economic growth.
Particularly in down times, tax cuts can lift an economy by encouraging work, investment and business expansion.
Let those banks trade wantonly and race to beat each other to marginally profitable investment banking business.
He is accused of operating a multibillion-dollar Ponzi scheme from his investment advisory business, federal authorities said.
Asia's recruitment resurgence is spreading across the financial sector driven by a large increase in investment banking business.
At Calvert Investments, we come to this issue of board diversity from an investment and business case perspective.
The downside to this is that the country is increasingly protectionist and hostile to foreign investment and business.
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