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CalPERS: the New Chief Should Refocus on Corporate Governance and Investor Returns
BusinessWeek OnlineLink to more items from this source
[Opinion]
Dec. 6, 2004
Excerpt: It's one of the most powerful jobs in the world of finance. The president of the board of the California Public Employees' Retirement System oversees the nation's largest pension fund, with $177 billion in assets. But the position has also become a bully pulpit, letting the occupant rattle everyone from underperforming CEOs to the chairman of the New York Stock Exchange.

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