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Potential conflicts of interest threaten image of CalPERS
Mercury News ^ | 7/18/02 | Mercury News Wire Services (AP)

Posted on 07/18/2002 10:38:30 PM PDT by NormsRevenge

Edited on 04/13/2004 3:29:38 AM PDT by Jim Robinson. [history]

SACRAMENTO, Calif. (AP) - Directors of the nation's largest public employee pension fund -- responsible for minding the retirement nest eggs of 1.3 million people -- are involved in potential conflicts of interest that threaten to erode the fund's sterling image.


(Excerpt) Read more at bayarea.com ...


TOPICS: Government; News/Current Events; US: California
KEYWORDS: calgov2002; california; calpers; conflictofinterest; knife
More Rain on the Horizon for GraYouT :-)
DUMP DAVI$ & the Den of Socialists

GO SIMON

1 posted on 07/18/2002 10:38:30 PM PDT by NormsRevenge
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To: Ernest_at_the_Beach
DOINK!!!

This may makes things a lot more interesting if it gets exposure.

ALSO, ol' Guv got challenged during a press conference/gathering for law enforcement in Burlingame today.

KTVU Channel 2 had a nice clip of Davis getting challenged about not doing enough to utilize the AMBER alert system for the most recent kidnap/murder. The Polly Klaas Folks were none to kind to the inaction by the Governor's Office. GraYouT was squirming .. Hopefully, the rags will report it as well.
2 posted on 07/18/2002 10:42:35 PM PDT by NormsRevenge
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To: NormsRevenge
AMBER = America’s Missing: Broadcast Emergency Response
3 posted on 07/18/2002 10:46:10 PM PDT by NormsRevenge
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To: NormsRevenge; *calgov2002; Carry_Okie; SierraWasp; Gophack; eureka!; ElkGroveDan; ...
Davis squirming would be nice to see!

Good catch!

Strawberry time for Davis!

calgov2002:

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calgov2002: for new calgov2002 articles. 

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4 posted on 07/18/2002 10:47:28 PM PDT by Ernest_at_the_Beach
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To: NormsRevenge
"State records show that Brown, Angelides and Connell all received campaign contributions from supermarket magnate Ron Burkle, his wife or his companies. All three later voted to invest hundreds of millions with Burkle's Yucaipa Co."

Burkle? That's one of GraYout's bestest buddies, I do believe. And Brown, I wouldn't trust him as far as I could toss him.
5 posted on 07/18/2002 10:55:24 PM PDT by NormsRevenge
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To: NormsRevenge
Our Congresscritter, Mike Thompson (D) wrote an opinion piece in The Times-Standard last week railing against our Prez about World Com Enron etc. He made the stupid statement that Calpers lost 1 Billion bucks on World Com and a lesser amount on Enron and basically blamed Bush for it. I said to my self, who was the dumb shi* that wasn't watching the store at Calpers.
6 posted on 07/18/2002 10:59:09 PM PDT by tubebender
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To: tubebender
BUMP
7 posted on 07/19/2002 8:38:41 AM PDT by NormsRevenge
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To: NormsRevenge
San Francisco Mayor Brown, State Treasurer Phil Angelides and State Controller Kathleen Connell... later voted to invest hundreds of millions with Burkle's Yucaipa Co.

These democrats are helping their democrat friends, without concern for the actual pensions they're supposed to manage. Bill Clinton was hired this year as a senior advisor to Burkle's Yucaipa American Fund and Yucaipa Corporate Initiatives Fund. Clinton has little or no investment experience, and neither does Yucaipa, although he might know something about creative accounting.

8 posted on 07/19/2002 11:50:42 AM PDT by heleny
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