"BAR" wrote in message
. ..
Calif Bill wrote:
"Short Wave Sportfishing" wrote in message
...
While I appreciate your approach on this, I would still point out that
the California State Retirement Board and the CalSTRs (Teacher's
Retirement - both Unionized boards) owns 7% of Carlyle Group spread
amoung three asset classes.

I'd say that CA has a rather large say in what happens to Carlyle
Group - more than a former President.

Unfortunately, Calpers and other big holders of some large corporations
seem to not demand excellence and resonable executive pay from the corps
they own.

Big Pensions, all they care about is return on investment. Somebody out to
do something about it.

Not really, they could get a better return, if they cut down on some the
egregious pay to some of the corporate officers. CALPERS convinced the
voters that they could raise the rate to 3% a year for retirement pay for
all, not just the public safety people. Lots of money during the dot.bomb
years. Now the taxpayers have to make up the difference. Why should they
worry about ROI? They just get the state taxpayers to make up the
difference. A rather sore point in this state.