Being a CalPers director is like being a Rock Star, complete with groupies:
California's public pension fund allowed its fund managers to take mega-jet-set kickbacks from financial companies looking to win big state investments.
In testimony related to Attorney General Jerry Brown's bribery lawsuit against a former California Public Employee Retirement System board member, a CalPERS representative has admitted that he and other CalPERS investment staffers accepted gifts, steaks at Morton's, toys, and dozens of luxury trips to exotic ports of call like Shanghai, Mumbai and New York.
Was sex part of the package? Sounds like it. From Evan Halper at the L.A. Times:
The court filings reveal a culture at CalPERS where it was common for large private equity firms such as Yucaipa, the Carlyle Group and Oak Hill Capital Partners to fly CalPERS investment staff around the country and the world, sometimes for what were described as "one on one" strategic meetings.
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2 comments:
I have been wondering lately, Whatever happened to Peter Sean Bradley? Did he get hired by the Census? Is he engaged in a "shovel-ready" project? Is he doing road work in Madera County? Has he been asked to replace Tim Geitner? (I hope so...)
-The Gadarene
I've been trying a discrimination case in Madera for the last several weeks.
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