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Supreme Court to hear Intel case regarding appropriateness of private investments in 401(k)s

CNBC ·

INTC Intel Corp
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  1. 1The Supreme Court held oral arguments on October 6 in the case of Anderson v. Intel Corporation Investment Policy Committee.
  2. 2Justice Clarence Thomas said that funds targeting high returns but carrying risk cannot be compared to loss-prevention funds.
  3. 3Elizabeth Hopkins said companies want to know how proposals and Supreme Court rulings will proceed before hastily changing investment strategies.

So what's the key point?

The Supreme Court discussed whether Intel's retirement plan investment methods were appropriate. Companies are waiting for the court's decision before changing their investment strategies.

Source CNBC · View original ↗

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