and yet, they want you to have a degree to be a coffee jerk at $tarsucks...
Posted on 09/14/2018 3:21:58 PM PDT by MarchonDC09122009
https://www.kron4.com/news/california/ceo-of-california-s-350b-pension-fund-has-no-degree/1444506328
KRON4 News -
CEO of California's $350B pension fund has no degree
Updated: Sep 14, 2018 11:07 AM PDT
SACRAMENTO, Calif. (AP) - The chief executive of California's $350 billion pension fund does not have a college degree and the revelation has startled some retirees.
Marcie Frost leads the California Public Employee Retirement System, the nation's largest retirement system.
The Sacramento Bee reports that Frost did not claim to have a college degree when she was hired to lead CalPERS in 2016, but Frost is under fire now after a blogger alleged Frost implied in her application and in a statement announcing her hiring that she was working on obtaining a college degree.
Blogger Susan Webber points out Frost said she was pursuing dual degrees at The Evergreen State College in Olympia when she applied to CalPERS but she had not taken any classes there since 2010.
Frost says she still intends to obtain a degree.
This is a BIG deal FRAUD that taxpayers are on the hook for ever.
“I’ll get right on it.”
Since when does one need a college degree to balance and or maintain a budget?
Nothing that happens in CA is a surprise anymore. The place is like a humongus wasteland.
I truly feel sorry for the FReepers that still live there.
Reached for comment, Jerry Brown said this was a big problem.
He promised to get right on it next January.
Reached for comment, Jerry Brown said this was a big problem.
He promised to get right on it next January.
Okay! Okay!
/s /s /s /s /s
I have a friend with a PHD in economics who knew nothing about futures and options. He is brilliant, but they didn't teach it
When it comes to investing and managing money, a degree can be helpful, neutral or harmful.
Right after the choo-choo gets going might be more realistic.
+1000
Evergreen College ??? Well, they have plenty of openings Enrollment iw way down.
The snowflake college where you can design your own curriculum
A degree from Evergreen is probably worse than no degree.
I assume she has the required licenses and certifications, but in the formerly Golden State that requirement might not be PC, so...
If she had an impressive, and audited, track record in managing money, that would be superior to a college degree, especially with what passes for education in college these days.
Still, something doesn’t pass the smell test.
Come on
Hiring a union hack without at least a Business degree to manage the nation’s largest pension fund is without question a monumental failure to perform due care and due diligence by the fund’s board of directors.
Attaining a BSBA degree should at least indicate you should be familiar with macro & microeconomics, business law, financial, managerial and operational accounting, organizational management, statistics, business accumen, etc.
They could be closed down by the time she gets around to enrolling.
Yeah, you have a point there.
“:^)
Evergreen is the college that required white students to stay off campus during their annual anti-racist event called “Day of Absence.”
Enrollment has collapsed at Evergreen, but who cares?
Washington state taxpayers still pay all the bills.
No surprise. The CA public employees pension fund which includes just about every state, county and city employee in California has been a disaster for years. The public unions have a major amount of control over where pension funds get invested, and it came out quite a few years ago that numerous investments were being made that were far from being prudent, and they had resulted in major losses at CALPERS.
and yet, they want you to have a degree to be a coffee jerk at $tarsucks...
Thanks for the additional and sad details - the golden state in no more.
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