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Monitoring the Monitor: Evaluating CalPERS' Shareholder Activism
Graduate School of Management, University of California, Davis
Apr. 20, 2006
Excerpt: In 1992, CalPERS began publicly announcing annual Focus List of poor financial and corporate governance performers in an effort to apply public pressure to the targeted companies. Professor Brad Barber of the UC Davis Graduate School of Management has analyzed the gains from CalPERS' high-profile activism linked to these Focus List firms from 1992 to 2005.
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