California Pension Activist Expects to Be Ousted
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Sean Harrigan, a figure in the corporate governance movement, said that he expected to be ousted as president of the board of California's large public pension fund.
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California's attorney general warned for the first time Tuesday that company insiders are likely to face criminal charges
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Sean Harrigan, president of Calpers, California&#39;s largest public pension fund, was removed on Wednesday. The California Public Employees Retirement System, or Calpers, manages $178 billion of retirement money.
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SEAN HARRIGAN, THE head of the board that oversees the California Public Employees Retirement System, was removed from that post Wednesday amid an ongoing and misguided effort to redirect the role of the state pension fund to aggressively push an agenda
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The appointment of the former defense secretary at the Hoover Institution is drawing fierce protests.
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The government&#39;s pension guarantee agency said yesterday that it will seek immediate termination of the pension plan of the pilots of United Airlines, a move the agency estimated would
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Hoping to stem a tide of rising pension debt, a California legislator will propose a controversial overhaul on Monday that would convert traditional public employee retirement plans to privately managed 401(k)-style plans, the Los
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The city of Berkeley last week took aim at Marine recruiters, saying they're "not welcome in our city" and encouraging protesters to impede their work. GOP lawmakers in Washington have fired back, threatening to take $2 million back from the city.
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SACRAMENTO The governor&#39;s office says the next California Highway Patrol commissioner will have to curb widespread abuse of disability retirements and workers&#39; compensation claims.
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Wendy Kaminer and Michael Meyers, two board members, could be removed for criticizing the executive director and the executive committee.
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Â· Party boss likely to face more corruption charges  Â· Case would hamper presidential ambitions
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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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California has emerged as a key  battleground state on the issue of pension overhaul, with Gov.  Arnold Schwarzenegger pushing private accounts for state  employees and lower government contributions to public pension  plans that provide defined benefits.
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California Gov. Arnold  Schwarzenegger will urge lawmakers to pass a sweeping overhaul  of the state's public pension systems, including Calpers, the  nation's largest pension fund, an aide said on Wednesday.
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SACRAMENTO -- The first duty of the California Highway Patrol&#39;s next commissioner will be to control widespread abuse of disability retirements and workers&#39; compensation by high-ranking officers, the governor&#39;s office and key lawmakers said in the
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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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Just days after the president of a huge California pension fund was ousted, some California officials are proposing that the state get out of the pension business and give state and municipal workers a 401(k) plan instead.