We Discuss Private Equity, CalPERS, and its Tainted Counsel on Harry Shearer’s Le Show This Sunday
We had fun with Harry Shearer and think you’ll really enjoy the chat we just had that runs on Sunday.
Read more...Category Archives: CalPERS
CalPERS Used Sleight of Hand, Accounting Tricks, to Make False “There is No Alternative” Claim for Private Equity
CalPERS staff and outside experts went to considerable lengths distort data and abuse analytical methods to make the case that only private equity could offer the allegedly superior returns needed to meet CalPERS’ targets. The fact that CalPERS did not make an honest case for private equity suggests that no honest case could be made.
Read more...CalPERS Board, Scandal-Ridden Fiduciary Counsel, Plan to Break California Law in Effort to Silence Board Member for Asking Too Many Questions, Seeking Records
CalPERS’ tainted fiduciary counsel Robert Klausner gives more dubious advice, confirming that he is a danger to CalPERS and ultimately, to CalPERS beneficiaries and California taxpayers.
Read more...CalPERS’ Scandal-Ridden Fiduciary Counsel Ducks Jacksonville Subpoena; City Files Suit Alleging Illegal Creation of Gold-Plated Pension Fund
The not-so-savory reputation of CalPERS’ fiduciary counsel, Robert Klausner, took another hit as his criminal attorney ducked a Jacksonville subpoena.
Read more...Harvard Professor Josh Lerner Gave Weak and Internally Contradictory Plug for Private Equity at CalPERS Workshop
Harvard’s Professor Josh Lerner gave CalPERS what was presumably a pep talk for investing in private equity that was so contradictory as to amount to a case against it.
Read more...CalPERS Pokes Its Board in the Eye by Releasing Private Equity Carry Fee Info After, Rather Than During, Board Meeting
CalPERS is so confident of its control over its board that it has no compunction about broadcasting how little respect it has for them.
Read more...The Bigger Significance of CalPERS’ Private Equity Carry Fee Release: Another Nail in the Carried Interest Tax Loophole Coffin
Why the CalPERS carry fee disclosure could affect the debate over ending the carried interest loophole.
Read more...CalPERS Staff, Scandal-Ridden Fiduciary Counsel Argue to Weaken Board Oversight by Reducing Number of Board Meetings
CalPERS CEO and its tainted fiduciary counsel Robert Klausner try to sell the CalPERS board on giving up even more power, when CalPERS clearly needs more, not less, oversight.
Read more...CalPERS Debunks Private Equity: Executive Summary
Announcing a series that shows how CalPERS’ efforts to defend its private equity program through a workshop for its board backfired.
Read more...CalPERS Hired a Fiduciary Counsel Accused of Serious Misconduct Over More Than a Decade, Including Kickbacks, Failure to Disclose Conflicts of Interest
CalPERS’ board has hired a fiduciary counsel, Robert Klausner, who has been associated with scandals for over a decade, the latest in Jacksonville, Florida.
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