"Short Wave Sportfishing" wrote in message
...
On 23 Apr 2007 09:36:56 -0700, Chuck Gould
wrote:

On Apr 23, 3:46?am, Short Wave Sportfishing wrote:
On 22 Apr 2007 20:06:12 -0700, Chuck Gould

wrote:
From AP:

PARIS (AP) - Groupe Zodiac, a maker of inflatable boats, said
Wednesday it began discussions with private equity company Carlyle
Group about a possible sale of its Zodiac Marine business to a joint
venture between the two companies.

I don't know nuttin' about no Prezidants, but ain't the Californy
Ratiremant Buord done ownes a beeg asssed chunk of that there Karlyle
Group?

Look a bit higher in the food chain.

At least two US Presidents have served on the Board of Directors of
Carlyle, although not when officially in office. After a period of
initial service one was politely asked to resign, but the other served
for over 10 years and continues to accept "contract" work from the
corporation. Many of the more influential stockholders (not
necessarily the holders of the largest number of shares) are names
that would seem familiar to folks who make a habit of watching the
evening news.

In any event, these are the prospective new owners of Zodiac. It will
be interesting to see if the boats remain available to the public or
if they will go strictly mil spec.

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.

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.

"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.