A recent federal court ruling has found that American Airlines violated its fiduciary duty by prioritizing environmental, social, and governance (ESG) factors over financial returns in its employee 401(k) retirement plan.
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As a retired American Airlines pilot, I’m disappointed to hear this ruling. Employees trust their 401(k) plans to focus on financial growth for retirement. While ESG goals have value, they should never come at the expense of securing the financial futures of hardworking airline employees.
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