Category Archives: Corporate governance

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.

The Trump White House Is Upending Decades of Policy-Making Procedures

The Trump Administration really is making things up as it goes along.

CalPERS General Counsel Matt Jacobs Violated “Zero Tolerance” Policy via Manhandling CEO Marcie Frost; Will CalPERS Sanction Jacobs or Change the Policy?

CalPERS General Counsel Matt Jacob pawed CEO Marcie Frost. Not a good look.

Is There a Global Future for Unions?

A personal retrospective on the forces driving the rise and decline (and hopeful revival) of unions.

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.

How a Central Asian Business Empire Dines Out on British Secrecy

Using the UK’s lax corporate transparency and accountability regime, international businesses can, in effect, mask interests and ownership at home.

Robert Reich: Here’s Why We Need to Break Up Big Tech

Monopolies aren’t good for anyone except for the monopolists, especially when they can influence our elections and control how Americans receive information.

Facebook’s New Libra Digital Currency, Trust Issues (Many), and Sovereignty

Trust issues with Facebook’s Libra for users, regulators, and technically. And is Facebook seeking to become a sovereign?

Why Is CalPERS Still So Afraid of Elisabeth Bourqui?

CalPERS is acting awfully guilty.

Good Riddance to CalPERS’ Bill Slaton; Board Changes May (Finally) Lead to Staff Serving Beneficiaries, Not Its Own Interests

Why beneficiaries and California taxpayers should welcome Lisa Middleton replacing Bill Slaton on the CalPERS board.

Ralph Nader Calls Out Boeing for 737 MAX Lack of Airworthiness, Stock Buybacks, and Demands Muilenburg Resign

Nader: “There is no need to wait for some long-drawn out, redundant inquiry. Management was criminally negligent, 346 lives of passengers and crew were lost.”

Promotions and the Peter Principle

The Peter Principle lives!

CalPERS Wastes Fund Assets on a Sham Investigation to Intimidate Board Members

CalPERS resorts to a “garbage in, garbage out” investigation to try to bully board members who have the temerity to ask questions and talk to the press.

JJ Jelincic: CalPERS’ Plan to Create 2 New Private Equity Companies, Give Away Billions With No Control Makes No Sense….Except to Make Fund Managers Rich

CalPERS still can’t justify its new private equity business model, and has even retreated to calling it just a concept, yet it wants the board to sign a blank check at next week’s meeting.