Replies

Revelations that the fund knew about--but never blew the whistle on--Enron Corp. Chief Financial Officer Andrew S. Fastow's self-dealing partnerships were a big embarrassment. The board is increasingly pushing social and political criteria in investment decisions.

The Liebral Socialist Wrecking Crew and yur hard earned dollars at work.

GO SIMON

There's an old saying about liberals. Put them in charge of the beach and it won't be too long before they have to import sand. I hope the 1.3 million California Employees understand the impact of having liberals in charge of their retirement money. A 14 billion dollar retirement system can be squandered as easily as a 20 billion dollar surplus.

Isn't that the truth!

Table: CalPERS' Cozy Connections

RONALD BURKLE
The Los Angeles billionaire has donated to campaigns of two CalPERS board members and to Davis, and he has employed two board members. CalPERS is investing $760 million with Burkle, a money manager.

PHILIP ANGELIDES
California state treasurer; up for reelection in November. Took more than $430,000 in campaign funds from unions in past two years. Has pushed CalPERS to invest in countries meeting social criteria such as having an active labor movement.

RICHARD WOLLACK
Co-founder of Premier Pacific Vineyards, an investment firm specializing in vineyards, in which CalPERS invested $100 million in March. A longtime supporter of Governor Gray Davis, he hosted a $2,500 per head fund-raiser for him in May.