Category Archives: Corporate governance

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.

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.

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.

Conspiracy Theories Aside, There Is Something Fishy About the Great Reset

The Great Reset is a planned corporate takeover of global governance that affects our food, our data and our vaccines.

Biotechnology Greed Is Prolonging the Pandemic. It’s Inexcusable.

Government is failing when it stands pat in the face of “your money or your life” level corporate greed, now on display in this pandemic.

The Moral Hazard of Limited Liability

Some concrete ideas for how to pin the tail of the limited liability donkey back on key insiders, and make regulators accountable.

California Senate Shoots Down CalPERS’ Private Debt Secrecy Bill; Board Hissy Fit Reveals It Never Questioned Staff Misrepresentations

CalPERS is no longer being given the benefit of the doubt by the legislature, and can’t handle a request to ‘splain itself.

Kentucky Retirement System Litigation Against KKR, Blackstone, PAAMCO et. al. Takes New Class Action/Civil RICO Twist

Those pesky lawyers behind Mayberry v. KKR won’t give up! And some private equity titans are likely plenty unhappy about that.

How Intel Financialized and Lost Leadership in Semiconductor Fabrication

Intel is the poster child of how stock buybacks come at the cost of technological innovation.

The 2021 Corporate Bamboozle On World Food Systems

Mega-corporations are set to win control of global governance of food and agriculture at the UN Food Systems Summit later this year.

CalPERS Desperate Response to Suit Over Illegal Secret Board Discussions and Other Abuses Seeks to Drag Case Out as Long As Possible

CalPERS’ intelligence-insulting answer to former board member Jelincic’s transparency lawsuit says that CalPERS is just dragging things out.

Federal Judge Nixes Proposed Monsanto Glysophate Settlement, Deepening Black Hole for Bayer

More on the well-deserved Monsanto litigation world of hurt.

CalPERS Long-Term Care Program Bleeds Policyholders Dry via 10X Higher Premiums, Gross Mismanagement, Bad Faith Dealing

CalPERS continued to abuse its long-term care policy holders, via contract-defying rate increases vastly higher than other insurers.

Bank Shot: Financial Giants’ Return to Manhattan Gives Smaller Businesses Hope

Some bank CEOs are telling their workers to return to the office in the next few months. If Covid stay tame, will other companies follow?

California Judiciary Committee Gives Blistering Assessment of CalPERS’ Fiduciary Duty Failings in Analysis of Fraud-Friendly Private Debt Secrecy Bill

The Judiciary Committee’s analysis of a CalPERS-sponsored bill shows that Sacramento is noticing the fund’s chicanery and incompetence.