Wrong Way CalPERS: Dumping $6 Billion of Private Equity After Struggling to Put Money to Work and Then Increasing Target
CalPERS is trying to do something more obviously nonsensical than usual.
Read more...Category Archives: Corporate governance
General Electric Breaks Up, Symbolizing Decline of American Manufacturing and the High Price of Financialization
How stock price fixated management and a big expansion into financial services under Jack Welch did in the once-esteemed General Electric.
Read more...Deere Union Members Reject Second Management Offer; Key Demands Include Greater Workplace Say
Deere union members at 12 of 14 factories put the screws on management by rejecting their latest offer.
Read more...Will the Supply Chain Crisis Lead to More Onshoring?
Why even if we see more serious breakdowns, big and medium sized companies are unlikely to move away from reliance on a fragile supply chain.
Read more...John Deere Strike: A Union Member Explains How Bad Faith Dealings Produced Today’s Grievances
A backgrounder from TroyIA, a Naked Capitalism reader and John Deere worker, on what drove union members to strike.
Read more...European Investment Scammers Allegedly Laundered Their Money through Scotland
Investigations by European and Ukrainian prosecutors revealed an alleged investment fraud with funds laundered via UK corporate entities
Read more...Smear Campaigns Work: Pro-Transparency Board Member Margaret Brown, Candidate Tiffany Emon-Moran, Both Lose CalPERS Board Election
The California public employees unions that have bizarrely made clear that they are firmly on the side of having CalPERS continue to be poorly run have gotten their way. Pro accountability, pro-transparency board member Margaret Brown, and Tiffany Emon-Moran, who was challenging incumbent and staunch staff David Miller, were both defeated in this year’s board […]
Read more...Board Member David Miller Takes CalPERS-Paid Vacation by Abdicating Oversight, Obstructing Board Members Doing Their Job
Why David Miller deserves a special place in the CalPERS board member Hall of Shame.
Read more...EXPOSED: Transcript of CalPERS Closed Session on Ben Meng Departure Shows Clear and Extensive Violations of Transparency Laws, Builds Case for Contempt Ruling by Judge Markman (Presiding)
Oops! CalPERS released nearly all of a transcript of a board meeting after Ben Meng’s resignation that it was fighting to keep secret.
Read more...CalPERS Officially a Laughingstock Around the World: London Newsletter Sniggers Over Failed Chief Investment Officer Search Even While Omitting or Getting Worst Facts Wrong
Even commentary meant to be hard on CalPERS manages to understate how bad things are.
Read more...Conspiracy Theories Aside, There Is Something Fishy About the Great Reset
The Great Reset is a planned corporate takeover of global governance that affects our food, our data and our vaccines.
Read more...Biotechnology Greed Is Prolonging the Pandemic. It’s Inexcusable.
Government is failing when it stands pat in the face of “your money or your life” level corporate greed, now on display in this pandemic.
Read more...The Moral Hazard of Limited Liability
Some concrete ideas for how to pin the tail of the limited liability donkey back on key insiders, and make regulators accountable.
Read more...California Senate Shoots Down CalPERS’ Private Debt Secrecy Bill; Board Hissy Fit Reveals It Never Questioned Staff Misrepresentations
CalPERS is no longer being given the benefit of the doubt by the legislature, and can’t handle a request to ‘splain itself.
Read more...Kentucky Retirement System Litigation Against KKR, Blackstone, PAAMCO et. al. Takes New Class Action/Civil RICO Twist
Those pesky lawyers behind Mayberry v. KKR won’t give up! And some private equity titans are likely plenty unhappy about that.
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