[DoughtyOne]

Interesting. Thanks John.

[george76]

“project labor agreements”

[Ken522]

The government needs to start taxing the CALPERS holdings - just think, 1% a year would do wonders about the state's deficits!/s

[teacherwoes]

another side effect of global warming?

[LoneRangerMassachusetts]

With that much money and a governing board dominated by politicians and union representatives, there have been hints that factors other than pure fiduciary responsibility often drive decisions.

Sounds like the public employee beneficiaries know too well the foxes are guarding the hens. You can't fool thieves.

[Oatka]

Another indication that something may be amiss at CalPERS is the recent departure of its chief investment officer, Russell Read, followed within days by an announcement by its chief executive, Fred Buenrostro that he was retiring – just weeks after Christy Wood, who managed more than half of the fund's investments, left for a new job.

Sounds like rats leaving a sinking ship.

[Grampa Dave]

“One involves the pension fund’s plunge into speculative real estate investments in the 1990s, including the riskiest such form of gamble, undeveloped land.”

This had to be Bush’s fault and Global Warming caused these trusted liberals to make poor inverstments.

Of course Moonbeam our criminal AG will invesigate companies not complying with enviro whacko laws that are not on the books and turn his perverted back on the real criminals.