Some workers could be automatically enrolled into mutual funds that are too conservative or too risky for their liking, or they could assume that their 401(ks) are another form of Social Security that will be guaranteed no matter what the return of the stock market.
Ford stockholders overwhelmingly sought to tender 1.0 billion shares, or just under half of the 2.1 billion outstanding shares, of common stock, including 240.5 million tendered by notices of guaranteed delivery.
That may initially seem hard to believe, since yields for U.S Treasuries and German bunds have dropped to what seem to be unattractive levels in recent months as volatile stock markets have driven investors to put their money where they are guaranteed not to lose it.