CalPERS: the New Chief Should Refocus on Corporate Governance and Investor Returns

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[Opinion]

12/6/2004: CalPERS: the New Chief Should Refocus on Corporate Governance and Investor Returns

BusinessWeek Online

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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