{"id":1436,"date":"2025-07-30T20:18:41","date_gmt":"2025-07-30T20:18:41","guid":{"rendered":"https:\/\/tcap.blog\/?p=1436"},"modified":"2025-07-30T20:22:47","modified_gmt":"2025-07-30T20:22:47","slug":"shareholder-spotlight-the-dark-side-of-t-rowe-price-greed-betrayal-and-a-questionable-partnership","status":"publish","type":"post","link":"https:\/\/tcap.blog\/2025\/07\/30\/shareholder-spotlight-the-dark-side-of-t-rowe-price-greed-betrayal-and-a-questionable-partnership\/","title":{"rendered":"Shareholder Spotlight : The Dark Side of T. Rowe Price – Greed, Betrayal, and a Questionable Partnership"},"content":{"rendered":"\n
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In the shadowy backstreets of high finance, where the line between right and wrong is as thin as a fag-end stubbed out on a bar floor, T. Rowe Price Group, Inc. has been playing a filthy game. This isn\u2019t some wee little investment outfit your nan might trust with her pension; this is a tale of alleged betrayal, naked greed, and a partnership that stinks worse than a week-old fish supper. Let’s dig deeper.<\/p>\n\n\n\n

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The 401(k) Fiasco<\/strong><\/h2>\n\n\n\n

Picture this: you\u2019re a knackered employee at T. Rowe Price, slogging away, trusting the bastards to look after your retirement nest egg. But instead of having your back, they\u2019re picking your pocket, shoving high-fee funds down your throat that drain your savings like a cheap pint down a drunk\u2019s gullet. That\u2019s the rotten core of a lawsuit they settled for $7 million in 2022. The charge? They peddled their own overpriced funds when cheaper options were sitting right there, begging to be used. It\u2019s not just a cock-up; it\u2019s a full-on scandal that lays bare a conflict of interest you could spot from space. Oh, and they\u2019d already coughed up $6.6 million in 2019 to hush up earlier gripes. Makes you wonder if these finance tossers even know what \u201cintegrity\u201d means.<\/p>\n\n\n\n

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Fee Frenzy<\/strong><\/h2>\n\n\n\n

But hold on, there\u2019s more shit in this stew. Back in 2016, investors hauled them over the coals, claiming their fees were so bloody outrageous they\u2019d make a loan shark blush. We\u2019re talking $388 million in alleged overcharges, with the Blue Chip Growth Fund as the gleaming turd on top. As the fund swelled up like a bloated corpse, the fees barely twitched, leaving T. Rowe Price laughing all the way to the bank while shareholders got shafted. Did they settle? Did they fight? Who the hell knows – the trail\u2019s gone cold. But the stench lingers: trust, once fucked, doesn\u2019t come back easy.<\/p>\n\n\n\n

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Proxy Voting Blunder<\/strong><\/h2>\n\n\n\n

Then there\u2019s the time they royally screwed the pooch on a proxy vote for Dell\u2019s buyout – a $194 million balls-up they chalked up to a \u201ccomputer glitch.\u201d Yeah, right. Because million-pound systems don\u2019t need a human eye, do they? It\u2019s the kind of half-arsed incompetence that\u2019d get you sacked from a corner shop, let alone a finance giant. Another dent in a reputation that\u2019s starting to look more battered than a chippy\u2019s frying basket.<\/p>\n\n\n\n

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The Cummins Connection<\/strong><\/h2>\n\n\n\n

Now, let\u2019s get to the real kicker: their cosy little tie-up with Cummins Inc. T. Rowe Price holds around 5,810,400 shares in this lot (number available at time of publishing) – a company that shelled out $1.675 billion in 2023 to settle claims they\u2019d been cheating emissions tests like a dodgy mechanic rigging an MOT. Cummins, the diesel engine kings, got caught with their trousers down, flouting environmental rules like they were optional. It\u2019s the sort of corporate wankery that should have any decent investor running for the hills. But T. Rowe Price? They\u2019re still clinging on, not just for the cash, but because it seems they\u2019ve found a kindred spirit – a partner in the fine art of saying \u201cfuck ethics\u201d when there\u2019s profit on the table. It\u2019s a match made in hell, built on a shared knack for cutting corners and dodging the rules.<\/p>\n\n\n\n

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The Reckoning<\/strong><\/h2>\n\n\n\n

So here we are, at the end of this grim little road trip through T. Rowe Price\u2019s underbelly. It\u2019s a cautionary yarn about what happens when greed gets its claws in deep and doesn\u2019t let go. The little guy – the employee, the investor, the planet – gets screwed every time. Next time you\u2019re thinking of chucking your hard-earned cash their way, ask yourself: do you really want to back a firm that\u2019s lost its moral bloody compass? Because that, my friends, is a right load of bollocks.<\/p>\n\n\n\n

Lee Thompson <\/strong>– Founder, The Cummins Accountability Project<\/strong><\/em><\/p>\n\n\n\n

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Sources<\/strong><\/p>\n\n\n\n