Update: CalPERS Chief Financial Officer Charles Asubonten Now Not Presenting at Board Meeting Today
A bit of evidence suggests that Charles Asubonten may be on his way out of CalPERS.
Read more...Category Archives: CalPERS
CalPERS CEO Marcie Frost’s Featherbedding: Seeks Further Pay Increase Despite Underfunding, Municipalities Suffering to Meet Rising Pension Bills
Why authorizing a further pay increase for CalPERS CEO Marcie Frost is indefensible, but CalPERS cronyistic board will almost certainly set that plan in motion next week.
Read more...Criminality, CalPERS Style: Board Members Misappropriate Public Funds by Signing Blank, Undated Expense Forms
The CalPERS Board President, Priay Mathur, the Board Services Unit, and board members are pre-signing expense forms in violation of the California Penal code.
Read more...Election-Rigging, CalPERS-Style: How Voting by Phone Was Designed to Favor Incumbent, Suppress Support for Challenger
CalPERS not only looks to have tried to throw the phone voting in a runoff election last year in favor of the incumbent, but it is acting awfully guilty by refusing to cough up records and data.
Read more...CalPERS Has Chief Financial Officer Charles Asubonten, With Verifiable Misrepresentations on His Resume, Presenting to the Board Next Week. What Gives?
CalPERS CEO Marcie Frost appears to be doubling down on her initial bad judgment about Chief Financial Officer Charles Asubonten’s resume misrepresentations by featuring him prominently at a board committee meeting next week.
Read more...New Report: Most State Pension Funds, Including CalPERS, Lag 60/40 Investment Mix at Higher Cost, Resulting in Even Higher Shortfalls
Yet another stunning indictment of public pension fund management. If the biggest funds with the best staffs can’t beat a simple Vanguard portfolio, why aren’t more heads rolling?
Read more...How Sacramento Bee Reporter Adam Ashton’s Hit Piece on CalPERS Board Member Shows He’s in the Business of Flacking, Not Reporting
Why you should not trust Adam Ashton’s “reporting” on CalPERS.
Read more...Why Board Member and Vocal Critic of CalPERS Margaret Brown Needs to Stay The Course
A successful public pension fund reformer explains how determined foes of transparency and accountability play dirty.
Read more...CalPERS to Investigate CFO Charles Asubonten, But Will It Look into Misrepresentations on His Employment Application?
CalPERS has finally accepted that it needs investigate the apparent misrepresentations in recently-hired CFO Charles Asubonten’s resume and Form 700, but will the probe go far enough?
Read more...CalPERS Board Member Margaret Brown Still Illegally Locked Out, Given Only Highly Restricted Access to Transcripts
CalPERS doubles down on its campaign against reform-minded board member Margaret Brown.
Read more...Los Angeles Times Confirms Our Reporting on CalPERS CFO Charles Asubonten’s Resume Misrepresentations; CalPERS Admits to Fabrications and Gets Defensive
The Los Angeles Times verifies and amplifies our reporting on the misrepresentations and inaccuracies in the resume that recently-hired CFO Charles Asubonten presented to CalPERS.
Read more...CalPERS’ Priya Mathur Opens, Reads, Even Answers Mail of Board Member Margaret Brown, Denies Her Access to Transcripts of Past Meetings.
Yet more lawless behavior at CalPERS.
Read more...CalPERS CFO Charles Asubonten’s Form 700 Violation and His Unduly Mysterious Private Equity Firm
More on the sketchy history of CalPERS’ new CEO, Charles Asubonten.
Read more...Why Charles Asubonten Is Not Qualified to Be Chief Financial Officer and What His Hiring Says About CalPERS
Further discussion of the mystery of how CalPERS CFO Charles Asubonten got hired.
Read more...Executive Summary: New CalPERS CFO Charles Asubonten’s Misrepresentations and Discrepancies in His Resume and Form 700
Why the hiring of Charles Asubonten as CFO of CalPERS is a serious governance lapse.
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