Judge Rules CalPERS Violated Bagley-Keene Open Meeting Act by Holding Improper Closed Session After Ben Meng Resignation
CalPERS got a bloody nose in court. Maybe the board will wise up and behave better in the future.
Read more...Category Archives: CalPERS
Bloomberg, Other Publications Criticize CalPERS’ Leverage on Leverage Plan to Boost Returns While Missing Additional Types of Borrowing
CalPERS, which has lagged nearly all other public pension funds’ performance, is doubling down on failure by resorting to leverage.
Read more...CalPERS Continues to Violate Law Via Secret Board Discussions; Upcoming Monday Illegal Secret Placement Agent Review Raises Concerns About Bribery
A previous CalPERS CEO went to prison for taking bribes. CalPERS is now illegally hiding the type of fees that generated those bribes.
Read more...Smear Campaigns Work: Pro-Transparency Board Member Margaret Brown, Candidate Tiffany Emon-Moran, Both Lose CalPERS Board Election
The California public employees unions that have bizarrely made clear that they are firmly on the side of having CalPERS continue to be poorly run have gotten their way. Pro accountability, pro-transparency board member Margaret Brown, and Tiffany Emon-Moran, who was challenging incumbent and staunch staff David Miller, were both defeated in this year’s board […]
Read more...CalPERS Devises “Heads I Win, Tails You Lose” Gamble for Long-Term Care Policyholders in Settlement
Why the proposed CalPERS long-term care insurance settlement has the look and feel of a con job.
Read more...CalPERS’ Long-Term Care Fiasco: Private Burial to Hide Malfeasance, Failure to Implement Legislation
A key fact in CalPERS’ long-term care debacle: the giant fund flagrantly violated the statute govening this progam.
Read more...CalPERS Election Dirty Tricks: Hit Piece Depicts Board Member Margaret Brown as Safety Harrasser
Prominent CalPERS Retiree Group Warns California Secretary of State About Illegal, Hacking-Friendly Voting Methods
An important CalPERS beneficiary group calls out the fund’s use of illegal, insecure, fraud-friendly internet and phone voting.
Read more...EXPOSED: How CalPERS Tried and Continues to Try to Cover Up Former Chief Investment Officer Ben Meng’s Misconduct
A CalPERS case study in “The cover up is worse than the crime,” Ben Meng edition.
Read more...Board Member David Miller Takes CalPERS-Paid Vacation by Abdicating Oversight, Obstructing Board Members Doing Their Job
Why David Miller deserves a special place in the CalPERS board member Hall of Shame.
Read more...EXPOSED: CalPERS’ Brainwashed Board in Denial that CIO Meng Caused His Own Downfall with Information He Himself Provided
CalPERS’ secret rmeeting after CIO Meng left in a huff shows how staff controls the board, here by falsely claiming internal sabotage.
Read more...EXPOSED: Transcript of CalPERS Closed Session on Ben Meng Departure Shows Clear and Extensive Violations of Transparency Laws, Builds Case for Contempt Ruling by Judge Markman (Presiding)
Oops! CalPERS released nearly all of a transcript of a board meeting after Ben Meng’s resignation that it was fighting to keep secret.
Read more...CalPERS Officially a Laughingstock Around the World: London Newsletter Sniggers Over Failed Chief Investment Officer Search Even While Omitting or Getting Worst Facts Wrong
Even commentary meant to be hard on CalPERS manages to understate how bad things are.
Read more...CalPERS Comes Dead Last of 34 Public Pension Returns Despite Having Biggest, Best Paid Investment Office
CalPERS can’t manage its way out of a paper bag.
Read more...“RLB Can Suck a Dick”: CalPERS Board VP Theresa Taylor Debases CalPERS, Sneers at Workers and Little People in Unhinged, Factually False Attack on SEIU California President
CalPERS Board VP and Investment Committee chair Theresa Taylor has yet another put foot in mouth and chew incident.
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