SURVEY SAYS: Moving Independence Day Celebration

PLANSPONSOR NewsDash readers weigh in on whether the Independence Day holiday should be moved to a Friday or Monday.

Last week, I asked NewsDash readers, “Would you rather celebrate Independence Day on July 4, no matter on which day of the week it falls, or move the holiday to the Monday or Friday of that week?”

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The vast majority (83.7%) of responding readers say Independence Day should be celebrated on July 4, no matter on which day of the week it falls. Trailing by a wide margin, 9.8% of readers chose Friday of that week, 8.7% chose Monday of that week, and 1.1% had no opinion.

Comments left by readers explained the majority’s reasoning, as many claimed July 4 is the actual “birth date” of America and should be celebrated as such, just as we celebrate our own birthdays. Others said important historical holidays shouldn’t be set “just for convenience.” Of interest is that Congressional history shows independence was formally declared on July 2, 1776, a date that John Adams said would be “the most memorable epocha in the history of America.” On July 4 of that year, Congress approved the final text of the Declaration, but it wasn’t signed until August 2.

Others mentioned they like a break during the week, and one suggested moving it to either Monday or Friday, depending on which weekday it falls. Editor’s Choice goes to the reader who offered a joke: “Do you know why there are no knock-knock jokes about the 4th of July? Because freedom rings!”

Thank you to all who participated in the survey!

Verbatim

It is a celebration of our nationhood. It should not be relegated to a convenient day. Independence Day was not won by convenience and it should remain a remarkable day.

People in my neighborhood shoot off fireworks for the week before and the week after anyway (even though it’s illegal within the city limits), so it really doesn’t matter what day is the “official” day.

Good grief — is nothing sacred?!?

Considering July 4 wasn’t the day it was written, signed or publicized, there is little actual significance to the day. I’d rather celebrate the first Friday in July!

I will celebrate on the exact date no matter what the government decides to do with the “holiday.” What happened on that date is far more important than your convenience.

It’s July 4 – you can’t really change the date but it wouldn’t hurt to always give two days. 1 – the holiday and 2 the day after. We get 2 days if it falls on a Tuesday or Thursday – to make it a 4 day weekend. It’s nice not to have to worry about staying up late to watch fireworks and then having to get up early the next day.

It should be celebrated no matter which day. It is about honoring our freedom and not when it is convenient.

If it falls on a Monday or Friday, leave as is. If it falls on a Tuesday, have Mon/Tues off. Falls on Wed, have Wed-Fri off. Falls on Thursday, have Thur/Fri off.

Many people are already ignorant about much of the founding on our country. We should not take away one hint about when the declaration of independence was adopted.

It’s July 4, Independence Day. Not July something or other! I am amazed this is even on anyone’s radar!

Even on a Wednesday, it’s great to get a mid-week day off!

It’s kind of like a birthday. We don’t get to change the day we were born.

July 4

I gather this is the survey question because some “genius” has stated an opinion that yet another piece of our nation’s history has to be placed on the trash heap. Enough.

Moving it to be just another long weekend just doesn’t seem right. The holiday is about more than time off of work and cookouts.

A birthday is a birthday. It’s not determined by convenience.

Holidays were not created in order to have three day weekends.

It’s the 4th of July. The 4th. Case closed.

For Heaven’s sake, observing a holiday should not be about having a 3 day weekend off from work, but remembering what the event was and how that event impacted us.

No way should we change it. This day marks the birth of our country. It is the most important non-religious holiday we celebrate.

Come on! Moving it would dilute the significance of the date – July 4th. Would we consider moving Christmas in a similar fashion from December 25th? Happy Birthday America!

It’s a special holiday, and you should not move it.

Similar to Memorial Day or Labor Day, Independence Day Celebration should always fall on a Friday.

Dates of significance should be celebrated on the date that they fall on, otherwise they may lose some of their significance. What if Mexico moved the date to remember the Battle of Puebla each year? Cinco de Mayo; Cuatro de Mayo; Tres de Mayo?

Just like Veteran’s Day & Christmas, some holidays are important enough that then need a date, not a day. Make the day more special rather than a convenience of making a long weekend.

Independence Day is too meaningful to make it just another 3rd Monday of the month holiday.

Do you know why there are no knock-knock jokes about the 4th of July? Because freedom rings!

I know not everyone had the luxury of getting the Friday after the 4th off, but it was a great way to have a 4 day weekend! If we always celebrated on a Friday or the weekend, we wouldn’t get this sometimes surprisingly little perks and extra days off! 🙂

So many people take extra days off around this holiday, it really doesn’t matter what the official holiday is. But, it does seem more patriotic to celebrate on the specific day.

Maybe everyone should celebrate their ‘birthday’ on a Monday? When will convenience stop being the norm?

This is one of those holidays like Christmas that should be celebrated on the actual day. Even though the 4th fell on a Thursday this year, there were celebrations in our area the weekend before in addition to the days preceding July 4th. The celebration has already stretched out beyond the actual day of.

American Independence Day is July 4.

Business sign this week asked “Do they have 4th of July in England.”

We should ALWAYS celebrate on July 4th – the day is NOT about long weekends and a day off of work. It’s about celebrating the birth of our country and its independence

Moving Independence Day to Monday or Friday of the week would be like moving Christmas or New Year’s Day to Saturday or Sunday. Leave it alone!!

I actually like holidays that move through the week, as it changes the character of the holiday from year to year, it seems to me. Tuesday or Thursday holidays are the best, as it encourages people – or their employers – to take or offer the Monday or Friday and create a long weekend. Wednesday holidays are lower key – we need them from time-to-time, too. About once every five years – it works out nicely!

Although it would be nice to ensure a long weekend, unlike the other holidays that fall on the same day of the month (i.e. last Monday), Independence Day celebrates our independence as a country. As such, we should celebrate it on the actual date.

Friday is best so you don’t have to drag yourself in to work the next day…

July 4th is my most favorite holiday. To keep its significance and patriotism intact, I prefer it should to be celebrated and kept on July 4th.

If it’s on the 4th, I know what day it is every year 🙂

4th of July is a specific date (duh). It would be like changing your birthday each year just so it falls on a weekend.

When we are commemorating a specific event/date in history, it should be celebrated on that date. July 4 marks the founding of our nation — don’t trivialize it by moving it to another day for our scheduling convenience.

Some traditions are best left as is.

It’s the 4th of July duh

Maybe it’s me getting older, but fireworks are getting out of control. They scare animals, veterans and numerous others and should be limited or possibly restricted entirely.

Christmas and 4th of July have to stay on their actual dates!

This is a pretty dumb survey. How do you celebrate the 4th on say the 7th?

Same with Christmas–move it to Monday!

Well, let’s see what the text says … In Congress, July 4, 1776. The unanimous Declaration of the thirteen united States of America, When in the Course of human events, it becomes necessary for one people to dissolve the political bands which have connected them with another, and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature’s God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation.

I’ve no doubt that there’s an idiot politician out there somewhere (OK, let’s be honest, there are a LOT of idiot politicians out there) who thinks creating a Monday holiday out of this is a good idea. John Adams himself thought that July 2 (the date on which the vote on independence was actually taken) would be the date that history would commemorate. But these days there’s so little of our actual history taught in schools, or celebrated as a nation. The events of the fourth of July should be celebrated on July 4, even if you want to call it “Independence Day.”

NOTE: Responses reflect the opinions of individual readers and not necessarily the stance of Institutional Shareholder Services (ISS) or its affiliates.

Retirement Industry People Moves

QMA announces chief business officer; Nationwide appoints leaders to financial services business; and former financial services CEO joins Custodia's advisory council.

Art by Subin Yang

Art by Subin Yang

QMA Announces Chief Business Officer

QMA has named Linda Gibson to the newly created role of chief business officer, the latest step in the firm’s continued global expansion. QMA is the quantitative equity and global multi-asset specialist of PGIM, the $1.2 trillion global investment management business of Prudential Financial, Inc.

Gibson will work closely with QMA’s chairman and CEO, Andrew Dyson, to advance QMA’s strategy including the provision of customized global solutions across the risk-return spectrum to clients, while leveraging the full scale of PGIM. Gibson will be based out of QMA’s headquarters in Newark, New Jersey, and oversee finance, business planning and management, competitive intelligence, project management, human resources (HR), operational risk and cross-functional initiatives.

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“Linda brings a wealth of knowledge to QMA with her nearly 30 years of experience across all aspects of operating a large global company in the asset management industry,” says Dyson. “Her hire is proof that QMA’s innovative, client-focused culture continues to attract top-notch talent to complement our existing management team.”

“I’m thrilled to join QMA at such a pivotal time for the firm,” says Gibson. “I’m looking forward to working with the team to drive the strategy to the next level as we solidify QMA as a leading global player across the full range of quantitative strategies.”

Gibson joins QMA with nearly 30 years of investment management and financial services business experience, including 18 years at BrightSphere Investment Group, a public multi-boutique asset manager. Her roles there spanned a wide range of front and back office executive functions, including management of legal, compliance, operations, global business development and human resources. As part of Old Mutual’s executive team, Gibson led several high-profile initiatives such as transforming affiliates through product development, product line extension and lift-outs; creating a global, centralized distribution team; and developing strategy to take the company public.

Gibson has a variety of board experience, including serving at the chairman and board level for investment firms, trust vehicles and UCITS Funds within Old Mutual. She has also held several officer-level positions on multiple mutual funds. Gibson holds a law degree from Boston University School of Law and a bachelor’s degree in mathematics from Bates College.

Nationwide Appoints Leaders to Financial Services Business

John Carter has been named as the president and chief operating officer-elect of Nationwide’s financial services business lines, effective immediately. Carter succeeds Kirt Walker, who will become Nationwide’s next chief executive officer in October. Reporting to Walker, Carter will oversee the company’s retirement plans, life insurance (individual, business and corporate-owned), annuities and mutual funds business operations.

“John brings more than 30 years of financial services industry experience to this role,” says Walker. “Throughout his career, he has demonstrated outstanding leadership, both in terms of results and people. John is a strong advocate for the retirement security of America’s workers—helping them prepare for and live in retirement. We look forward to achieving continued success under his guidance.”

Carter joined Nationwide Financial in 2005 as president of the Nationwide Financial Sales and Distribution organization, responsible for leading sales of private-sector retirement plans, life insurance, annuities and mutual funds. In 2013, he was named president of Nationwide’s retirement plans business.

Prior to joining Nationwide, he held executive positions in financial services at Prudential Financial, UBS and the former Kidder Peabody.

“Nationwide benefits from a strong bench of executive leaders,” says retiring CEO Steve Rasmussen. “Kirt and John will work together to facilitate a smooth transition and maintain the strong growth momentum we’ve built over the past several years. We look forward to achieving continued success under John’s leadership, building on Nationwide’s mutual heritage, financial strength and culture of caring.”

Carter is a graduate of the University of Missouri where he earned a bachelor’s degree in business administration and finance.

Former Financial Services CEO Joins Custodia’s Advisory Council

Custodia Financial has appointed Roger Ochs, previous CEO of HD Vest, to its Strategic Advisory Council (SAC). In his role on the SAC, Ochs will provide guidance and subject matter expertise on corporate matters, capital markets, and corporate governance.

In addition to serving on the SAC, Roger is a member of the board of eSecLending, a provider of securities financing, collateral and liquidity services; chairman of the Board for Door, Inc., a residential real estate brokerage firm; a member of Parthenon Capital’s Industry Advisor Council; and a member of Securities Industry Financial Markets Association’s (SIFMA) Advisors Council. He is also a member of the Texas and Dallas bar associations.

“Roger brings a unique perspective to our Strategic Advisory Council,” says Tod Ruble, CEO of Custodia Financial. “First, he’s a true entrepreneur. His experiences growing HD Vest from a smaller firm into a nationally-recognized, technology-driven organization couldn’t be more relevant to Custodia. In addition, he knows the accounting and audit world, and an important benefit of [Retirement Loan Eraser] RLE is mitigating audit risk.”

“Loan defaults represent not just a retirement security and plan fiduciary problem, but also a significant audit risk, particularly given recent IRS changes to plan sponsor reporting. I see Retirement Loan Eraser as a win-win for employees and the companies they work for,” says Ochs.

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