How CalPERS Staff Keeps the Board in the Dark About Compliance Problems
CalPERS has long covered up its dirty linen, including by making uninformative presentations to the board.
Read more...Category Archives: Corporate governance
Influential CalPERS Retiree Group Demands Resignation of Board President Henry Jones; Calendars Confirm Secret “Board Within Board” Abuse
CalPERS governance has become so visibly defective that a normally loyal retiree organization has gone into revolt.
Read more...CalPERS Misappropriates Funds, a Violation of the Criminal Code, By Laundering $40,000 Speaker Fee Through Randle Communications, a Nearly $500,000 a Year Advisor to Marcie Frost
CalPERS is not only hiring overpriced motivational speakers it can’t afford, but it is also cooking its records to do so.
Read more...Devastating Lawsuit Targets Bank of America, Credit Suisse, and Bayer Board Members and Executives Over Disastrous Monsanto Acquisition
Is the shortest road to cleaning up bad corporate governance in the EU through New York courts? Bayer is one of a set of test cases.
Read more...CalPERS Board Member Theresa Taylor, Under Investigation for Multi-Year Failure to Report Income, Digs Her and CalPERS’ Hole Deeper Via Supporting Conflicted Actions Taken by Ex-Chief Investment Officer Meng
CalPERS’ Board Vice President Theresa Taylor shoots herself and CalPERS in the foot.
Read more...Looting, American Style: CEOs Get Big Pre-Bankruptcy Bonuses Even When Lenders and Employees Stiffed
Failed CEOs succeed in looting their companies on the verge of bankruptcy filings.
Read more...CalPERS Preliminary Returns Inconsistent with Other CalPERS Data; CalPERS Refuses to ‘Splain Even Though It Ought to be Easy
CalPERS has yet to clear up an anomaly in its reported preliminary returns.
Read more...CalPERS Chief Investment Officer Ben Meng Resigns Following Our Exposing His False, Felonious Financial Disclosure Filings and Private Equity Conflicts of Interest
CalPERS Chief Investment Officer Ben Meng has left abruptly. If you’ve been paying attention, this isn’t a total surprise.
Read more...LA Times’ Michael Hiltzik Shellacks CalPERS for Trumped-Up Attacks on Board Member Margaret Brown, Toadying to Staff Instead of Providing Oversight
Mike Hiltzik gives the CalPERS board yet another well-warranted dressing down.
Read more...CEOs Bank Big Bonuses As Oil Companies Go Bankrupt
Ka-ching
Read more...CalPERS Out of Control: Stunningly High Number of Personal Trading Violations, Yet Board Ignored the Misconduct
CalPERS yet again manages to exceed expectations in a bad way.
Read more...Hissy Fit by CalPERS Board: Falsely Blames Margaret Brown for Staff Leaks of CIO Meng’s $1 Billion Giveup, Public Opposition to Staff Coup
Sports fans, it seems hard to believe, but the CalPERS board has sunk to a new low with an extended display of incompetence and pique.
Read more...CalPERS Staff Seeks to Strip Board of Remaining Authority Even as Press Exposes Multi-Billion Cost of Lack of Supervision; Elected Board Members Thumb Nose at Public by Seeking to Be Paid for Doing Almost Nothing
CalPERS staff is up to more dirty tricks. Push back by e-mail in public comments. Bad press already has them on the back foot.
Read more...RJ Eskow: 7 Rules for the Boeing Bailout
As the world struggles with the pandemic, Boeing should be seen as the vector for a parallel epidemic. It’s Patient Zero in an epidemic of corporate failure. As we change the way we live our lives, corporations like Boeing should change the way they are run. Corporate mismanagement made this crisis worse and, if it doesn’t change, will make the recovery more difficult.
Read more...How McKinsey Got Greedy
How McKinsey put money over its once vaunted firm values.
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