TBC Newsletter - July 1994

GOOFY WILL NOT BE INVESTING YOUR MONEY

Paul Powell, president of the SBC Annuity Board, is a former BGCT president. He is a man of unquestionable integrity. He is a man of courage. He also has a great sense of humor.

Fundamentalists have started trying to tell him how the Annuity Board should invest pension funds.

In his report to the SBC meeting in Orlando, the home of Disney World, he said the following: “As fiduciaries (one who manages another person’s money) we cannot impose our social standards on another if it adversely affects their earnings… I didn’t take this job to play Mickey Mouse games. Persons on our staff are not Goofy. We’re not going to let Goofy and his friends invest your money.”