CalPERS gets a taste of its own reformist medicine

09/20/2010 | Economist (free content), The

A generation of corporate executives has faced the prospect of criticism for poor governance by the biggest pension fund in the U.S., the California Public Employees' Retirement System. The situation has reversed, with CalPERS' top executives struggling to respond to complaints about sloppy management, which led to billions of dollars in investment losses during the recession, according to The Economist.

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Economist (free content), The

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