Charles Asubonten Has Left CalPERS; Los Angeles Times’ Mike Hiltzik Questions Competence of Executives
Chief Financial Officer Charles Asubonten has exited CalPERS.
Read more...Author Archives: Yves Smith
Gaius Publius: Progressive Democrats Help Enshrine “Blue Lives Matter” Into Law
“Progressive” Democrats back “Blue Lives Matter,” an effort designed to undermine Black Lives Matter.
Read more...CalPERS CIO Ted Eliopoulos Tells 5 Big Lies in Presenting Super Indirect Private Equity Scheme
CalPERS’ Chief Investment Officer Ted Eliopoulos seemed unable to offer a truthful, coherent rationale for two new private equity schemes he unveiled last Friday. CalPERS beneficiaries and California taxpayers should be worried.
Read more...How Putting Shareholders First Harms Investors, Corporations, and the Public
Why “shareholders come first,” an ideology that became widely accepted only in the last 30 years, is a poor guide for managing companies.
Read more...Don’t Miss Our Birmingham Meetup This Wednesday, May 23
Hope you can make our Birmingham meetup this Wednesday!
Read more...Don’t Miss the Saturday June 2 NYC Meetup with Lambert
Be sure to catch Lambert at our June 2 meetup on one of his rare visits to NYC.
Read more...Links 5/19/18
The Populism Backlash: An Economically Driven Backlash
Quelle surprise! The rise of populism correlates strongly with increases in economic insecurity.
Read more...To Reform Capitalism, Look to Marx
A high-level discussion of the re-imaging of the word “capitalism”.
Read more...Announcing Tucson Meetup 2.0 for June 1
Hope those of you in the Tuscon area can join the fun at the second meetup!
Read more...Social Multipliers in Crime: Measuring the Spillover Effects of Criminal Behaviour
An example of how the peer environment influences crime levels.
Read more...California Hospital Giant Sutter Health Target of Anti-Trust Suit, Legislation for High Prices. Will It Set a National Precedent?
Will California officials succeed in curbing aggressive pricing by hospital network Sutter Health? Could these efforts set a precedent for other markets?
Read more...Bitcoin Energy Use Growing Much Faster than Previously Thought
Bitcoin energy use alarmists are being proven right.
Read more...Wolf Richter: Fake News No Problem – Internet Totally Dominates Advertising in the US
TV falls behind further, suffers first advertising revenue decline since the Financial Crisis
Read more...CalPERS Issues False and Misleading Press Release to Try to Railroad Board on Private Equity Industry Enrichment Scheme
A brazen example of CalPERS staff trying to muscle board members and have them violate their fiduciary duty regarding a massive, misguided, and sketchy private equity outsourcing scheme.
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