Retiree funds have no business investing in high risk "high growth" stocks. If they do, then someone is "guilty" and should be held liable.
Bull.
A balanced portfolio of risky investments (note: investments, not gambles) in the long-run (20 years +) is virtually guaranteed to massively outperform any other kind of investment.
Given that that is the kind of time period that retirement funds are aimed at, there is every reason to so invest retirement money, and people should have every right to insist that their retirement funds be so invested.
Note that putting it all into your company is hardly "balanced", but that is another story.
Cheers,
Ben