Former CEO Of California Pension System Pleads Guilty To Fraud And Bribery

By: Friday July 18, 2014 8:20 am

Fred Buenrostro, a former CEO of the California Public Employees’ Retirement System (CalPERS), plead guilty in federal court last week to conspiracy to commit bribery and fraud. Buenrostro was the CEO of CalPERs from 2002 to 2008 and admitted to engaging in numerous corrupt and illegal activities while managing the second largest pension fund in [...]

City Of Stockton Set For Bankruptcy

By: Tuesday April 2, 2013 9:34 am

Can cities go bankrupt? Apparently or so a¬†federal judge ruled yesterday. The city’s creditors, of which there are many, fought against the move but to no avail. A federal judge ruled Monday that Stockton is eligible for bankruptcy protection, over the objection of creditors who argued the city could come up with more money. U.S. [...]

CalPERS Working to Upend BP’s Board

By: Monday July 12, 2010 9:53 am

Giant public pension funds like CalPERS, the California public employees fund, frequently become major stockholders in public corporations, and can use that power and influence to make changes to corporate structures. We haven’t seen a ton of activism from funds like this in recent years. But that could be changing. Witness this upcoming meeting between [...]

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