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3/6/2012: Pension Funds Are For-Profit (OpenMarket.org)
California's Constitution clearly states the California Public Employees' Retirement System's (CalPERS) singular motive is to make profits.... However, CalPERS board members are not content to merely try to maximize profits. Instead, CalPERS board orders account managers to deviate from the profit system in favor of environmental, social, and corporate governance (ESG) principles.
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