“Pension plans . . . offer no more security against the big bad wolf of old age than the little piggy’s house of straw.” -- Peter Drucker, Harper’s Magazine, 1950
Claremont, CA (PRWEB) July 10, 2010
The Drucker Institute at Claremont Graduate University today added a new topic to Drucker Apps, an ongoing conversation about bettering society through effective management and responsible leadership.
This latest addition to Drucker Apps was inspired by beverage giant Diageo’s move last week to transfer 2.5 million barrels of aging whiskey, valued at $645 million, to help plug the deficit faced by its pension fund. Taking part in the running dialogue on the future of retirement security will be bestselling author Roger Lowenstein, whose book While America Aged examines the pension crisis; human resources consultant Ed Gubman; former U.S. Treasury official Alicia Munnell, who serves as director of the Center for Retirement Research at Boston College; and others with insights into the issue.
As with every installment of Drucker Apps, this online dialogue is informed by the words of Peter F. Drucker, the father of modern management. In this way, Drucker Apps ties the timeless wisdom of one of the great thinkers and writers of the 20th century to the hottest issues of today, all delivered by the latest in 21st-century technology.
A student of corporate finance and demographics, Peter Drucker warned as early as 1950 that “the security which the new pensions contracts promise the old and aging employee will prove to be mere ‘pie in the sky.’” By 2001, he noted that “young and middle-aged people at work suspect that there will not be enough pension money to go round when they themselves reach traditional retirement age.”
We invite you to join our Drucker Apps conversation about pensions. We open things up with this question: How confident are you that you will see your full pension—and, if you’re worried about it, how do you think you’ll make ends meet in your old age?
To participate, please visit: http://apps.druckerinstitute.com.
About the Drucker Institute
The Drucker Institute at Claremont Graduate University is a think tank and action tank whose purpose is to better society by stimulating effective management and responsible leadership. It does this, in large part, by advancing the ideas and ideals of Peter F. Drucker, the father of modern management.
The Institute acts as a hub for a worldwide network of Drucker Societies: volunteer-driven organizations that are using Drucker’s teachings to bring about positive change in their local communities.
In addition, the Institute maintains a digital archive of Drucker’s papers; undertakes research that builds on Drucker’s writings; offers an annual $100,000 prize for nonprofit innovation; produces curricular material that distills Drucker’s decades of leading-edge thinking, including a management training system called Drucker Unpacked; applies Drucker’s work to current events (through a regular online column in Bloomberg Businessweek by Institute Executive Director Rick Wartzman and through a social media tool called Drucker Apps); and hosts visiting fellows with Drucker-like insights and values.
The Institute is a close affiliate of the Peter F. Drucker and Masatoshi Ito Graduate School of Management, which is training the next generation of leaders and managers to do good while they do well.
For more on the Drucker Institute, please visit: http://www.druckerinstitute.com.