The Wheels Come Off Uber
Uber is over. But since many have money and reputations at stake, and Uber has cash to burn, it will take a while for that to be undeniable.
Read more...Category Archives: Private equity
Can Uber Ever Deliver? Part Ten: The Uber Death Watch Begins
Why Uber is toast.
Read more...CalPERS to Game Benchmarks Yet Again to Flatter Private Equity, Understate Risk, Boost Staff Bonuses
CalPERS is lying with numbers yet again, this time with its private equity benchmarks.
Read more...CalPERS Internal News Site Ignores Unfavorable Stories, Steals Copyrighted Material
One of the reasons we’ve had insight into what CalPERS is thinking is that it has an internal news site that it curiously has not password protected, as you’d expect, particularly given how it operates.1 Historically, we found it useful not only because it gave us insight into what the Office of Public Affairs (PAOF) […]
Read more...How CalPERS General Counsel Matt Jacobs Violated California Bar Rules
In other CalPERS posts today, we discuss the legal and IT implications of the fact that Christopher Philips, a member of CalPERS’ legal department, posted comments seeking to undermine our credibility and that of board member JJ Jelincic. We explain how Phillips violated California bar rules. As a result of examining California State Bar Act […]
Read more...CalPERS Legal Department Employee Trolls Naked Capitalism Site, Putting Focus on Violations of Bar Rules
A CalPERS employee appears to have broken state bar rules in a meant-to-be anonymous comment left at Naked Capitalism.
Read more...CalPERS’ Comment on Naked Capitalism Reveals Mid-Level Network Security Deficiency; What Else Might Be Wrong?
An IT professional’s take on a CalPERS security lapse:” It looks like their network security monkey is pretty lazy.”
Read more...CalPERS Keeps Board in the Dark About How Private Equity “Subscription Line Financing” Gooses Staff and General Partner Pay and Systemic Risk
CalPERS is asleep at the switch yet again.
Read more...Wall Street Journal Trolls CalPERS After Getting It to Correct Expense Misrepresentation
The Wall Street Journal forced CalPERS to retreat on its misleading private equity expense reporting.
Read more...4 Lies in 25 Seconds: CalPERS’ Wylie Tollette, PR Staff, Keep Cooking Cost Numbers Despite Being Called Out
Another example of institutionalized lying is deeply rooted at CalPERS, even though they aren’t very good at it.
Read more...WSJ: JJ Jelincic to Leave CalPERS Board
JJ Jelincic is retiring from CalPERS’ board. He has made some more pointed comments about the sorry state of affairs at the pension fund.
Read more...Private Equity’s Lousy Governance
A upcoming law journal article does a fine high-level job of debunking private equity’s claims of providing better governance.
Read more...Board Candidate Asks Whether CalPERS Is Cooking the Books to Fatten Bonuses
CalPERS board candidate Margaret Brown finds a lot not to like in the way CalPERS continues to play fast and loose with figures.
Read more...Some Public Pension Funds Taking on Outsized Private Equity and Hedge Fund Fees
Public pension funds might finally be getting over their unhealthy co-dependent relationships with private equity and hedge funds.
Read more...How Financialization and the “New Economy” Hurt Science and Engineering Grads
How the “new economy” devalued science and engineering degrees.
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