Key vote looms at CalPERS

Sac Bee ^ | 2/19/03 | Gilbert Chan

[NormsRevenge]

The campaign for the top board post at the nation's largest and most influential public pension fund pits one of California's most powerful politicians against a state labor leader.

On Thursday, the 13-member California Public Employees' Retirement System governing board is expected to elect as its president either San Francisco Mayor Willie Brown or Sean Harrigan, a vice president of the United Food and Commercial Workers International Union.

[NormsRevenge]

Ping

[Grampa Dave]

Thanks Norm. These left wingers even when they write a story exposing the criminal element in CalPers have to slant the story the wrong way: While a disappointment, the performance has still outpaced broad stock indices. The Standard & Poor's 500 stock index, for instance, has tumbled 41.5 percent during the same time period.

This is due to their bond investments in CalPers Portfolio.

I saw the Clintoon crash coming and got mainly into bonds from then to now. My return for the last 3 years is over 22%. My wife's funds are more aggressive, and she had a 5% increase the year before and an a 1% decrease this last year for a 4% gain in the last two years.

[Liz]

"Willie Brown ........always brings something to the table that's uniquely Willie Brown," Low said.

....and Willie always takes something.....but it's usually under the table........

[Ernest_at_the_Beach]

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