Category Archives: Investment management

CalPERS Changes Executive Bonus Procedure After We Alert Them of Violations, but Still Falls Well Short of CalSTRS on Transparency

We infromed theCalPERS’ board members that the manner in which they had awarded bonuses and salary increases to CalPERS executives fell short of the requirements of the Bagley-Keene Open Meeting Act of 2004. CalPERS took some steps to address the lapse.

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Why is Helane Morrison, General Counsel for Hall Capital, Fund Manager for the Super-Rich, Attacking SEC Investor Protection?

Earlier this month, we excerpted a section of a panel discussion from an SEC securities enforcement conference. It showed the degree to which former senior SEC officials who’ve gone into private practice openly ridicule the idea that the SEC should do its job, for instance, by deriding enforcement as “gotcha”. Today, we’ll look at the […]

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Exclusive: Are the SEC’s Mary Jo White and Her Husband Teaming Up to Gut Corporate Disclosure and Make It Harder to Fight Fraud?

The heart of the SEC’s mission is disclosure, providing enough information to investors so they can make reasonable choices about stock and bond offerings. Without disclosure you don’t really have an SEC, and you put investors – and potentially the whole economy – at risk. But the commission is striving to hit that self-destruct button, by allowing new rules that would make it much easier for companies to hide their activities. And it’s highly likely that this reaches all the way to the office of SEC Chair Mary Jo White.

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Michael Hudson on Parasitic Financial Capitalism

An interview with Michael Hudson on his latest book, Killing the Host, which focuses on the destruction wrought by financial capitalism.

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