Tag corruption

How to reform CalPERS

The recent report on CalPERS was scathing in its detailing of alleged corruption, kickbacks and bribes at the highest level. Former CalPERS CEO Fred Buenrostro and board member Alfred Villalobos have already been sued by California, and the attorney in…

CalPERS releases disturbing report

In the wake of cratering pension fund returns and the filing of lawsuits against two former top employees, CalPERS, the giant California pension fund, commissioned a report by D.C. law firm Steptoe and Johnson. The report is scathing, saying former…