Another Compliance Failure: CalPERS Discussed Recusal of Ex-CIO Ben Meng but Failed To Enforce It; CEO Marcie Frost Says “Not My Job”
CalPERS CEO Marcie Frost told the press that she’s punting on her compliance duties.
Read more...Category Archives: CEO compensation
Influential California State University Council Calls for CalPERS CEO Marcie Frost to Go on Administrative Leave During Investigation by Inspector General
A CSU group has asked Gavin Newsom to put CalPERS CEO Marcie Frost on administrative leave while an inspector general probes governane failings.
Read more...CEOs Bank Big Bonuses As Oil Companies Go Bankrupt
Ka-ching
Read more...How McKinsey Got Greedy
How McKinsey put money over its once vaunted firm values.
Read more...Marcie Frost Indictment: Overwhelming Majority of Investment Professionals Would Not Recommend Joining CalPERS
A survey of CalPERS’ investment professionals reveals that CalPERS is one big unhappy family. Not only that, it shows that they’ve become less happy in the last year, since Ben Meng became Chief Investment Officer. We’ve embedded the summary page of the survey, but this section shows that less than 1/4 of CalPERS’ investment professional […]
Read more...The Impact of CEOs in the Public Sector: Evidence from the English NHS
The myth of magical CEOs seems to break down in the public sector.
Read more...The Terribly Difficult Things Health Care CEOs Must Do to Make the Big Bucks: Back-to-Back Meetings, Complicated Schedules, Fatiguing Driving?!
Heatlh care CEOs are a prime example of executive feather-bedding.
Read more...Financialization of the U.S. Pharmaceutical Industry
A takedown of the pharmaceutical industry’s assertion that it need to price gouge so it can invest in R&D. Profits go almost entirely to various forms of looting.
Read more...Health Care Dysfunction Makes It to the Presidential Debate
A damning compendium of what ails the US health care industry.
Read more...The Numbers Are In, and Trump’s Tax Cuts Are a Bust
Why Trump’s tax “reforms” didn’t deliver on growth, just on rentierism.
Read more...Is There a Global Future for Unions?
A personal retrospective on the forces driving the rise and decline (and hopeful revival) of unions.
Read more...Ralph Nader Calls Out Boeing for 737 MAX Lack of Airworthiness, Stock Buybacks, and Demands Muilenburg Resign
Nader: “There is no need to wait for some long-drawn out, redundant inquiry. Management was criminally negligent, 346 lives of passengers and crew were lost.”
Read more...Here’s Why Setting a Maximum Wage for CEOs Would be Good for Everyone
CEO pay needs to be curbed, and a maximum wage is one way to do it.
Read more...Michael Olenick: Update Confirms That Share Buybacks Are Still Corporate Suicide
Reconfirming the findings of a study that debunked some key claims about the supposed benefit of stock buybacks.
Read more...Richard Murphy: Stock Markets Look Ever More Like Ponzi Schemes
Why is it entirely sensible to regard stock markets as Ponzi schemes.
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