CalPERS Board Member Theresa Taylor Breached Confidentiality, Board Engaged in Apparent Criminal Violations of Open Meeting Law in Attacks on Pro-Transparency Board Membrs
CalPERS has managed to outdo itself, in a predictably bad way.
Read more...Category Archives: Investment management
CalPERS Staff Caught Out in Yet Another Power Grab, Tries Gagging the Board With Staff’s “Board Code of Conduct”
The CalPERS board continues to waste time on tinpot tyranny rather than focusing on the challenge of the penion system’s substantial underfunding.
Read more...CalPERS in Bed With Jeffrey Epstein Client and Co-Investor, Apollo’s Leon Black Even After Apollo Pay-to-Play Scandal Led to Conviction and Jail Term for Former CalPERS CEO
CalPERS is worried about being tainted by its association with Leon Black of Apollo. CalPERS should be a lot more worried about its wallet.
Read more...Reclaiming the Commons Through State Ownership? Maybe Not
Transnational state capital can be just as harmful as its private counterparts. Local, democratic and sustainable alternatives offer better protection.
Read more...As Risky Finances Alienate Investors, Fracking Companies Look to Retirement Funds for Cash
Latest DeSmogBlog coverage of fracking follies: the still unprofitable industry turns to pension funds and private equity for capital.
Read more...Elizabeth Warren Seeks to Cut Private Equity Down to Size
Elizabeth Warren’s bill to end private equity abuses targets a wide range of bad practices.
Read more...Everything’s Fine Until Suddenly it Isn’t: How a “Leveraged Loan” Blows Up
A post-mortem of a leveraged loan bust: private equity wins, too bad for everyone holding the bag.
Read more...CalPERS’ Long-Term Care Policy Train Wreck – Is Bankruptcy the End Game?
CalPERS’ long-term care policy mess is even worse than industry norms, which is saying quite a lot.
Read more...CalPERS’ Hedge Fund With 34% Stake in National Enquirer Parent Alleged To Be “Parking” Rather Than Selling (Updated)
Some funny-looking business with CalPERS desire to be rid of National Enquirer’s parent, American Media.
Read more...Liquidity Fears Hit Other UK “Equity Funds” as Investors Remain Trapped in Woodford Fund
Shares of one fund plunged 22% on Friday. Other funds under pressure, raising serious questions about just how liquid “equity funds” in the UK are.
Read more...Mr. Market and the Press Diss Deutsche Bank’s Turnaround Plan
A hard look at Deutsche’s restructuring plan reveals a lot not to like
Read more...Rebel Economist Breaks Through to Washington on How Shareholder Value Theory Rewards the Undeserving
How William Lazonick persuaded pols and pundits that the shareholder value theory was bad for business and society.
Read more...The Sham of Shareholder Capitalism
The mythology of shareholder capitalism does not stand up to scrutiny.
Read more...Hubert Horan: Can Uber Ever Deliver? Part Twenty: Will the “Train Wreck” Uber/Lyft IPOs Finally Change the Public Narrative About Ridesharing?
A post-mortem of the Uber and Lyft IPOs.
Read more...Gregory Travis and Marshall Auerback: Anatomy of a Disaster – Why Boeing Should Never Make Another Airplane, Again
Is Boeing itself on a crash course?
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