Exxon Suffers Stinging Defeat On Shareholder Climate Resolution
Today, Trump looks set to scupper Paris Accord; yesterday, Exxon shareholders passed resolution requiring greater climate change disclosure.
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How CalPERS General Counsel Matt Jacobs Violated California Bar Rules
In other CalPERS posts today, we discuss the legal and IT implications of the fact that Christopher Philips, a member of CalPERS’ legal department, posted comments seeking to undermine our credibility and that of board member JJ Jelincic. We explain how Phillips violated California bar rules. As a result of examining California State Bar Act […]
Read more...CalPERS Legal Department Employee Trolls Naked Capitalism Site, Putting Focus on Violations of Bar Rules
A CalPERS employee appears to have broken state bar rules in a meant-to-be anonymous comment left at Naked Capitalism.
Read more...CalPERS’ Comment on Naked Capitalism Reveals Mid-Level Network Security Deficiency; What Else Might Be Wrong?
An IT professional’s take on a CalPERS security lapse:” It looks like their network security monkey is pretty lazy.”
Read more...CalPERS Keeps Board in the Dark About How Private Equity “Subscription Line Financing” Gooses Staff and General Partner Pay and Systemic Risk
CalPERS is asleep at the switch yet again.
Read more...Wall Street Journal Trolls CalPERS After Getting It to Correct Expense Misrepresentation
The Wall Street Journal forced CalPERS to retreat on its misleading private equity expense reporting.
Read more...WSJ: JJ Jelincic to Leave CalPERS Board
JJ Jelincic is retiring from CalPERS’ board. He has made some more pointed comments about the sorry state of affairs at the pension fund.
Read more...Private Equity’s Lousy Governance
A upcoming law journal article does a fine high-level job of debunking private equity’s claims of providing better governance.
Read more...Board Candidate Asks Whether CalPERS Is Cooking the Books to Fatten Bonuses
CalPERS board candidate Margaret Brown finds a lot not to like in the way CalPERS continues to play fast and loose with figures.
Read more...Some Public Pension Funds Taking on Outsized Private Equity and Hedge Fund Fees
Public pension funds might finally be getting over their unhealthy co-dependent relationships with private equity and hedge funds.
Read more...Private Equity Clutching Pearls Over Sweden Ending Carried Interest Loophole
Has Sweden become the mouse that roared at private equity?
Read more...CalPERS and Board Come Out Losers Over Kangaroo Court Against Its Most Effective Board Member (Updated)
CalPERS and its board seem incapable of understanding that when you are in a hole, you need to stop digging.
Read more...CalPERS Hides Bogus Persecution: Promised Public Hearing for Lone Effective Director Held in Secret
CalPERS doubles down on a bogus scheme to neuter its one effective board member reneging on its promise to have a public hearing of charges.
Read more...Skepticism About Private Equity Fees Going Mainstream: Pew and CalPERS Versus Yale and Industry Stalwarts
Private equity is getting defensive about its fees, and for good reason: its justifications for them are being exposed as hollow.
Read more...Corruption at CalPERS: General Counsel Matt Jacobs as Exemplar of Culture of Casual Lying
A spotlight on General Counsel Matt Jacobs as a prime example of what is wrong at CalPERS.
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