Posted on 12/04/2004 8:36:06 AM PST by NormsRevenge
SACRAMENTO — Sean Harrigan, whose ouster this week as president of the California Public Employees' Retirement System made headlines around the world, may soon be back on the board of the $177-billion pension fund.
Harrigan lost his seat when the state Personnel Board voted 3 to 2 on Wednesday to replace him as its CalPERS representative. However, national union leaders have asked top Democrats in the state Legislature to appoint Harrigan to another open seat on the 13-member board, people familiar with the talks told The Times.
And lawmakers appear to be willing to listen. State Assembly Speaker Fabian Nuñez (D-Los Angeles) met with Harrigan for more than an hour Thursday to discuss the situation.
Nuñez has made no commitment, sources said, but he has encouraged Harrigan to drum up as much support as possible in his bid to get back on the CalPERS board.
Harrigan and Nuñez declined to comment.
If the effort succeeds, it will be a stunning reversal of fortune for Harrigan, an outspoken supermarket-union official who has made enemies throughout the business community with his attacks on what he sees as outsize executive paychecks and corporate conflicts of interest.
The behind-the-scenes maneuvering demonstrates the high stakes involved for control of the nation's largest public pension fund.
(Excerpt) Read more at latimes.com ...
Anyone seen the size of union officials paychecks lately?
Duyring last years grocery strike in California, the union dropped health benefits for its employees - the same thing the union members were striking grocery stores about.
There's probably a great deal more here, than meets the eye. If you think "Oil for Food" is bad, wait 'til these commie bastards get their fangs into a pension fund, that perhaps at one time was 177 billion. It's probably more like 140 billion after Gray Davis appointees invested in "socially conscious" ventures with the taxpayers money!
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