Month: December 2009

California moves on ethics rules for board

The California Public Employees’ Retirement System (the country’s largest pension fund) took action on ethics rules yesterday and the press release is here. At its December meeting, the 13-member Board tightened rules regulating its interaction with CalPERS staff concerning investment proposals and gave the Board President authority to discipline members whose actions violate policy. Board […]

Bloomberg pays campaign win bonuses

The Times reports on bonuses paid by Mayor Bloomberg’s successful reelection campaign. The mayor, a billionaire former Wall Street trader, is reaching into his own pocket to dole out the same generous checks to his staff that he did after winning office in 2001 and 2005 — 20 percent of each worker’s total wages, according […]