The Dangers of Sustainability Metrics
A favorite topic: the downside of fetishinzing metrics.
Read more...Category Archives: Corporate governance
Blockbuster Lawsuit Targets Deutsche Bank Executives and Supervisors for Epic Abuses, Value Destruction
An important suit taking aim at the extensive misconduct of Deutsche Bank executives and board members is grinding its way through court.
Read more...“Build Back Better” Needs an Agenda for Upward Mobility
Why Biden’s “Build Back Better” could make a big difference for what was once the American middle class….charitably assuming he meant it.
Read more...Goldman Gets Off Easy in 1MDB Scandal Despite Further $2.9 Billion in Payments, Criminal Charge Against Malaysian Sub
Despite the big numbers, Goldman gets the kid glove treatment relative to the severity of its 1MBD misconduct.
Read more...Milton Friedman Versus Stakeholder Capitalism
Looking at the damage Milton Friedman did by advocating corporate irresponsibility, which more and more orthodox economists have questioned.
Read more...CalPERS CEO Marcie Frost Says She’s Not in Charge and Lies to the Board About Receiving a Warning from the Fair Political Practices Commission
CalPERS CEO Marcie Frost doesn’t even bother to lie well.
Read more...Shareholder Capitalism’s Ugly Legacy
Debunking some of Milton Friedman’s destructive ideas, such shareholders, who only have residual claims in a company, ought to come first.
Read more...Journey into a Libertarian Future: Part V – Dark Realities
A libertarian perspective on nobility, democracy, and lobbying.
Read more...As Boeing Inches Toward 737 MAX Recertification, 787 and Lunar Lander Go Sour, Charleston v. Seattle Looms
Boeing, Boeing…..
Read more...CalPERS Cooks Its Books: Grossly Understated Investment Consultant Meketa’s Expenses in Annual Financials; Made a Criminal False Account by Burying the Cost
CalPERS violates accounting rules by hiding outside consulting costs in internal investment overheads. None of the possible reasons are good.
Read more...CalPERS’ Bad Numbers: CEO Marcie Frost’s Multi-Hundred Thousand /Year Advisor Randle Communications Missing from Board Reports
A remarkable series of accidents led to the CalPERS board not being told how much CEO Marcie Frost’s advisor Randle Communications costs.
Read more...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...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...CalPERS Staff Yet Again Tries to Usurp Board’s Power by Steering Governance Reforms After CIO Ben Meng Departure
CalPERS staff is too obviously still trying to stymie Controller Betty Yee’s governance reforms.
Read more...State Controller Betty Yee Calls for Public Discussion of CalPERS Governance Reforms Following Sudden Departure of CIO Ben Meng
Controller Betty Yee forcefully slapped down CalPERS’ CEO Frost’s claim that Yee was satisfied with the burial of Yee’s governance issues.
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