Why the hiring of Charles Asubonten as CFO of CalPERS is a serious governance lapse.
Recent Items
Sunday, August 10, 2025
Executive Summary: New CalPERS CFO Charles Asubonten’s Misrepresentations and Discrepancies in His Resume and Form 700
Topics: CalPERS, Corporate governance, Investment management, Private equity, Ridiculously obvious scams
Posted by Yves Smith at 1:43 am | 27 Comments »
Misrepresentations and Inconsistencies in CalPERS CFO Charles Asubonten’s Resume
A detailed documentation of the misrepresentations and inconsistencies in the resume presented by Charles Asubonten to CalPERS when he applied for the CFO post.
Topics: Africa, CalPERS, Investment management, Private equity, Ridiculously obvious scams
Posted by Yves Smith at 1:42 am | 18 Comments »
How the US Military Is Failing
A critical, but maybe not critical enough, look at the relationship of the US military to its society and ostensible goals.
Topics: Banana republic, Guest Post, Middle East, Politics, Social policy, Social values
Posted by Yves Smith at 1:33 am | 75 Comments »
2:00PM Water Cooler 4/10/2018
Today’s Water Cooler, Xi and trade, Kamala Harris, Clinton and Pompeo, educated Republicans, Cardi B, wholesale trade, prices, Post Office, Bayer + Monsanto, meditation
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 109 Comments »
Roman Roads: A Persistent Effect of Infrastructure on Development
Roman roads as a case study of the (very) long term effects of infrastructure investment.
Topics: Guest Post
Posted by Yves Smith at 9:55 am | 37 Comments »
Links 4/10/18
Topics: Guest Post, Links
Posted by Lambert Strether at 6:55 am | 168 Comments »
Don Quijones: After a String of Corporate Scandals and Collapses, “Big Four” Accounting Giants Face Breakup in the UK
The Big Four accounting firms desperately need to be reformed. But are UK regulators up to the task?
Topics: Corporate governance, Free markets and their discontents, Guest Post, Regulations and regulators, Ridiculously obvious scams
Posted by Yves Smith at 3:18 am | 10 Comments »
How Different Are Trump’s Tariffs?
Trump’s tariffs and trade belligerence are less of a departure from recent US behavior than you might think.
Topics: Economic fundamentals, Free markets and their discontents, Globalization, Guest Post
Posted by Yves Smith at 2:53 am | 7 Comments »
Three More Reasons for Wealth-Deprived Americans to Take to the Streets
Some telling facts on wealth inequality.
Topics: Guest Post, Income disparity, Politics, Social policy, The destruction of the middle class
Posted by Yves Smith at 1:16 am | 39 Comments »
2:00PM Water Cooler 4/9/2018
Today’s Water Cooler: China trade, Florida Senate race, midterms, “the groundlings,” cybernetics and hegemony, employment situation, Facebook fracas, Viking sunstones, self-esteem
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 137 Comments »
Fast Fashion Juggernaut Rolls Along
The fast fashion cycle continues to accelerate, as sustainability concerns fall to the wayside. Algorithms are trotted out as a panacea for products that embed an offensive message.
Topics: China, Doomsday scenarios, Environment, Globalization, Guest Post, India
Posted by Jerri-Lynn Scofield at 11:55 am | 26 Comments »
Trump v. the Postal Service: Fake News, Flawed Analysis, and Bogus Tweets
Why Trump’s claim that the Postal Service is subsidizing Amazon is all wet.
Topics: Dubious statistics, Free markets and their discontents, Guest Post, Politics, Social policy
Posted by Yves Smith at 10:59 am | 19 Comments »
Links 4/9/18
Topics: Guest Post, Links
Posted by Jerri-Lynn Scofield at 6:55 am | 105 Comments »
The Corporate Plan to Groom U.S. Kids for Servitude by Wiping Out Public Schools
Schools are becoming a two-tier affair, with those for the non-affluent preparing them for “a life that is more circumscribed, less vibrant, and, quite literally, shorter, than what past generations have known.”
Topics: Banana republic, Free markets and their discontents, Guest Post, Income disparity, Politics, Social policy, Social values, The destruction of the middle class
Posted by Yves Smith at 6:09 am | 137 Comments »
Don Quijones: As Banks Embrace Biometric Tracking of Customers, Cybertheft Explodes in Mexico
Mexico will requires banks to collect biometric data from all their customers this year– a policy that will exacerbate economic crimes committed by hacking databases.
Topics: Guest Post, Politics, Regulations and regulators, Surveillance state
Posted by Jerri-Lynn Scofield at 5:55 am | 1 Comment »