GOP questions Davis donor's link to huge CalPERS investment :(California )

The San Francisco Chronicle ^ | May 2, 2002 | Lance Williams, Chronicle

[Ernest_at_the_Beach]

San Francisco -- The co-founder of a vineyard development firm that recently obtained a $100 million investment from the California Public Employees Retirement System is hosting a $2,500-per-head political fund-raiser for Gov. Gray Davis in San Francisco tonight.

A Davis spokesman said the governor had no role in CalPERS investment decisions and that the fund-raiser was unrelated -- but a Republican Party spokesman said the matter was cause for concern.

[Liz]

Here's the link to the info on Yucaipa

[Grampa Dave]

Thank you re the link to: Here's the link to the info on Yucaipa!

Isn't Free Republic Great! What makes it great are the great research bloodhounds like you! You know that is not an insult and is a sincere compliment!

[d14truth]

With California the 5th largest economy in the world, wouldn't CalPERS be the 2nd largest 'retirement' trust fund, or do Germany, Japan, and the U.K. have similar 'unfunded' vehicles?

[CdMGuy]

Calpers has a fiduciary responsibility to safeguard the pension funds on deposit with them. In my opinion, investing in a winery start-up is a violation by the Calper's board of its legal responsibility.

If a private pension committee did the same thing, the Feds would be all over them. The end result likely will be that these investment funds will yield substandard returns, and quite possibly lost entirely. The taxpayers of California will pay for this.

In the meantime, Calpers has the audacity to criticize the boards and executives of public corporations. Gateway, the computer company, was just criticized by Calpers for its failure to run its business properly. Sounds like the pot calling the kettle black.

[Grampa Dave]

Both issues that you brought up are so obvious and important. First this investment in a winery startup is to us and most investors a blatant violation of the CalPers board's responsibilities. I think that each board member should be investigate to see if they benefited from this.

Then the last thing that you brought up. The Socialist Nannies who control CalPers are consistantly bashing corporations and using their $'s to invest in peace loving and green visions is really a smudged up pot calling the kettle black.

[NormsRevenge]

Bum:-P

Po' GraYouT DeViou$ ..eXpo$ed for all to see ...I Love it !

[Grampa Dave]

Too bad, Davis's mother didn't believe in abortions!

[NormsRevenge]

LMAO

[Grampa Dave]

Since Davis's mother didn't believe in abortions it is up to the voters to:

Abort Davis with their votes!

[NormsRevenge]

AMEN to That!!!

DUMP DAVIS

[gaspar]

William Hill is notorious for buying cheap grapes and putting them on his label and charging an arm and a leg. His ratio of grape cost to retail wine price is probably the highest in California. Thus, these cheap bastards know what they are doing. Thanks to this info it will be possible to follow what they are up to and how these touchy-feely Democrats are going to screw the wine drinking public.

[IncredibleHulk]

Too bad, Davis's mother didn't believe in abortions!

Looking and listening to Davis leads me to believe you may be wrong here. If these are really the end times, somebody must be the anti-christ and he seems to fit the roll.

[Ernest_at_the_Beach]

I think I missed that one.

Another reason to not shop at Ralph's!

[willyone]

Whats rotten is that higher office now amounts to nothing more than endless fund raising. And this moron will no doubt be re elected by the moron electorate of this state. If Simon loses that makes Calif. once again impossible for the Pubbies to win. Makes it hard to win in 04 if Bush cannot carry Cali.

[bybybill]

This just can`t be true. All Rats believe in campaign finance reform and would never do anything that would even remotely look like they could be bought. After all, just look at the last US PRESIDENT, WJC. Do any of you really think that the party that produced him would ever be involved in any funny business connected with fun raising.

[harpo11]

Golly, giants of technology come together in San Francisco,
the man who invented the internet
and the man who is an expert on electricity and Oracle software.

[an amused spectator]

Premier Pacific Vineyards

Bighorn Cellars

This is our current wine list:

1998 Bighorn Chardonnay, Carneros
1998 Bighorn Chardonnay, Camelback Vineyard
1999 Bighorn Chardonnay, Camelback Vineyard
1999 Bighorn Chardonnay, Grand Reserve
1997 Bighorn Cabernet Sauvignon, Napa Valley
1997 Bighorn Cabernet Sauvignon, Coombsville Vineyard
1998 Bighorn Cabernet Sauvignon, Soda Canyon Vineyard

[Who is John Galt?]

Bump!

[Ernest_at_the_Beach]

Now that is very thoughtful of you!

Thanks!

[fire_eye]

Oh, my GOODness. Those mean, wascally Webpublicans are SMEARING Governor "Gray-out"!!

One stinky scandal after another!

Gosh... Now, *where* could those wascally old Wepublicans have learned such *scurrilous*, *underhanded*, *devious* tactics. Tsk, tsk, tsk. Oh, dear.

<< heh... heh... heh... >>

(Okay... Cue up all the vacuous "high moral ground" arguments, now...)