CalPERS re-enlists Buck but not to everyone s satisfaction pionline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pionline.com Daily Mail and Mail on Sunday newspapers.
Diversity in leadership shines a brighter light on business and investment outcomes
Diverse leaders excel and lead across all sectors of the investment industry today. As decision-makers in their organizations, women and racial and ethnic-minority professionals bring their unique viewpoints and experiences to allocating capital, making investment decisions and helping recognize and promote diverse talent that mirrors the communities and companies they invest in.
“The vibrancy of dialogue around diversity, equity and inclusion across organizations is certainly more amplified today than it’s ever been,” said Nancy Sims, president and chief executive officer of the Robert Toigo Foundation, an Oakland, Calif.-based nonprofit that has been “addressing the intersection between talent and opportunity in the industry for over 30 years.”
CalSTRS CEO looks back on 20 years of triumphs and challenges
CalSTRS CEO looks back on 20 years of triumphs and challenges
Retiring CalSTRS CEO Jack Ehnes
Jack Ehnes said he thrives on challenges, and during his close to 20 years at the helm of the nation s second-largest public pension plan, there have been some doozies.
During Mr. Ehnes tenure as CEO, officials at the California State Teachers Retirement System, West Sacramento, have been tested by a funding crisis, efforts to replace public employee defined benefit plans with defined contribution plans, legislation to cut pension benefits and a worldwide pandemic.
This is Mr. Ehnes second attempt at retiring from his post at CalSTRS. He originally announced on March 5, 2020, he would be retiring in September but, at the behest of the board, Mr. Ehnes delayed his retirement to continue leading the plan through the COVID-19 pandemic. He is now slated to retire from the $291.7 billion pension fund on June 30.
April 28, 2021
President Joseph R. Biden Jr., with Secretary of State Antony J. Blinken and Special Presidential Envoy for Climate John Kerry, kicks off the virtual Leaders Summit on Climate in Washington, D.C., on April 22.
Courtesy of
Close Authorship
By the time President Joe Biden articulated it officially Thursday on Earth Day, the new U.S. pledge to halve emissions over the next nine years was one of the worst-kept secrets in climate action circles.
Neither was it surprising that the U.S. president closely linked America’s new nationally determined contribution, a reduction target of 50 to 52 percent from a 2005 baseline aligned with the terms of the Paris Agreement, with equitable job creation and the opportunity to make money. The countries that take decisive action now to create the industries of the future will be the ones that reap the economic benefits of the clean energy boom that’s coming, Biden said in his opening remarks during the virtual two-day climate
It appears that at least some people in Sacramento are paying attention to what has been happening at CalPERS and don’t like what they see.
Below, we have embedded the California Assembly Judiciary Committee staff analysis for AB 386, a bill providing for secrecy of private debt investments. The analysis calls out some of CalPERS’ major fiduciary duty failings in remarkably blunt terms.
This matters because CalPERS claims it intends to set up an in-house unit to make direct debt investors, or as laypeople would put it, make loans. CalPERS further maintains that it wants to keep these debt investments until maturity. Yet it also insists that it needs to hide all the details about these loans, including their terms, whether there is any collateral, and who the borrower is!