This is incredible from a stakeholder management perspective.
Normally non finance people in the organisation get hoodwinked by investment sales people. Then they pressure the finance guys into perusing a complex high fee strategy.
>Normally non finance people in the organisation get hoodwinked by investment sales people.
Some benefits salesman came to my blue collar office and tried to hoodwink [great wordchoice] our boss into buying employee insurance policies (health, whole life)... but would not allow employees to read the contractual terms until after bossman signed-up.
It was left to employee vote, and I was grateful when my peers listened to my concerns [slick sales guy was out-voted, left frustrated with me about his lack of commission]. Why not just let us see the terms & conditions.?. are you really offering that shitty of a product?! †
†: insurance company's mascot was some waterfowl with a loud two-syllable mouth...
See: calpers, where everyone in the organization is both non-finance and getting hoodwinked, often by their coworkers, often by their board! Notable for many things, including selling out of their hedge fund positions shortly before the pandemic, as well as becoming an extremely large owner of timber companies across the US for absolutely no good reason.
Normally non finance people in the organisation get hoodwinked by investment sales people. Then they pressure the finance guys into perusing a complex high fee strategy.