[CdMGuy]

Calpers has a fiduciary responsibility to safeguard the pension funds on deposit with them. In my opinion, investing in a winery start-up is a violation by the Calper's board of its legal responsibility.

If a private pension committee did the same thing, the Feds would be all over them. The end result likely will be that these investment funds will yield substandard returns, and quite possibly lost entirely. The taxpayers of California will pay for this.

In the meantime, Calpers has the audacity to criticize the boards and executives of public corporations. Gateway, the computer company, was just criticized by Calpers for its failure to run its business properly. Sounds like the pot calling the kettle black.

[Grampa Dave]

Both issues that you brought up are so obvious and important. First this investment in a winery startup is to us and most investors a blatant violation of the CalPers board's responsibilities. I think that each board member should be investigate to see if they benefited from this.

Then the last thing that you brought up. The Socialist Nannies who control CalPers are consistantly bashing corporations and using their $'s to invest in peace loving and green visions is really a smudged up pot calling the kettle black.