SEC Settles with Citigroup – Public Loses?

In today’s New York Times there is an article by Gretchen Morgenson discussing the failure of the Securities and Exchange Commission to bring charges against persons responsible for financial institution misconduct.  The issue is viewed in the context of a recent settlement. Earlier this month, the Securities and Exchange Commission announced an administrative settlement with […]

CalPERS Includes Social Activism in Its Investment Guide

The California Public Employees Retirement System will look at climate change issues and board diversity in making investment decisions. CalPERS has assets of $240 billion and is the nation’s largest public pension fund. Its shear size creates significance in the marketplace for its investment guidelines. CalPERS is instituting the environmental guidelines to encourage companies to […]