CalPERS Votes to Toughen Merger Policies
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SACRAMENTO, Calif. - The nation&#39;s biggest public pension fund, with a stock portfolio of $167 billion, voted Monday to toughen its policies against multimillion-dollar &quot;golden parachutes&quot; for executives who engineer corporate mergers.
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The University of California Board of Regents opted against Regent Ward Connerly&#39;s proposal to adopt a multi-racial check box option on admissions applications at its Wednesday meeting at UCLA.
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California&#39;s two state pensions, with $292 billion in combined assets, would be replaced with 401(k)-type plans under a proposal by a state lawmaker who vows to hold a
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California officials on Wednesday voted to oust Sean Harrigan as president of Calpers, naming a former real-estate executive seen as more business
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The ousting of fund president Sean Harrigan from Americaâs largest pension fund has been viewed by many as the first Republican victory in a battle to undermine the influence of pension funds like Calpers on corporate governance issues.
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A group of states led by California said in a court filing yesterday that ending oversight of Microsoft's business practices in November would not allow enough time to consider the antitrust implications of Windows Vista.
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By The Sacramento Bee, Calif.  May 30--Shareholders of managed care giant UnitedHealth Group on Tuesday narrowly rejected a proposal championed by California's two massive public pension funds to make it easier to nominate company directors.
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Securities regulators yesterday voted to overhaul a corporate rule covering financial risks, reacting to intense pressure from Congress and years of criticism from industry groups who claim the directive proved too expensive and burdensome.
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STANFORD, CALIFORNIA - On Monday, the same day the California Senate passed a bill that would ban state agencies from contracting services out to companies that use overseas labor, opponents and proponents of offshore outsourcing clashed during a conference at Stanford University.
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SACRAMENTO, Calif.  - Calpers, the biggest U.S.  pension fund, put corporate boardrooms on notice on Monday that  it plans a crackdown on executive compensation, and said it  would double its allocation for investing in hedge funds.
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CA is unhappy with the performance of its storage management business and is restructuring the operation.
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Media & professional: Â· Radical shakeup proposed to limit bar on payouts  Â· ABI insists changes would not help consumer
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In a post-election blow to powerful nursing unions, the Schwarzenegger administration moved Thursday to ease some requirements of the state&#39;s first-in-the-nation law telling hospitals how many nurses they must have on hand to care for patients.
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The Republican National Committee has told top California party leaders they can change their voting rules to allow independents to vote in the presidential primary.
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Yahoo Inc. shareholders voted down a proposal that would have forced management to adopt stronger policies regarding government attempts to limit Internet access and to curtail freedom of speech in countries where Yahoo operates.
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A group of states led by California said in a court filing Thursday that ending oversight of Microsoft's business practices in November would not allow enough time to consider the antitrust implications of Windows Vista.
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The ouster of the president of the California Public Employees&#39; Retirement System comes amid a growing backlash against corporate reform, but shareholder advocates expect the move to have little direct effect on the corporate governance movement.