And the pensions went with it! Piff paff poof... gone. My hard earned pennies (and many other peoples') all gone.Hendrik wrote: stock portfolio, yes. IIRC, the school was worst hit when the oil market went tits-up. now, i know that most things took a beating at this time, but had the school invested ethically (only seems logical given the much revered 'ch ethos') they would not have lost as much money (ethical investments seem to grow more slowly, but don't seem to crash as heinously).
And as for ethical investments, we've been looking at this and you've got to be really, really commited. Some people justify it by saying they're "liberating" the unethical money by putting it to better use (c.f. church groups against gambling accepting lottery funding for their new parish halls!).