The only time Kansas City Royals first baseman Mike Sweeney led the league in anything, it was in 2000, when he was hit by pitches more times (15) than anyone else.
According to a recent lawsuit, Sweeney also got plunked by his investment counselors —right in the wallet. And now the U.S. Department of Labor is trading on his elevated (if not high) profile to both warn money managers to take care with their clients' dough, and to encourage people to choose thoughtfully when they select someone to whom they will entrust their retirement dollars.
Sweeney made $11 million a year at his peak with the Royals, investing upwards of $7 million with a long-time advisor who moved from Smith Barney to UBS Financial, taking Sweeney's account with him.
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Dan Cook
Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.
