AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
The Philadelphia Inquirer Loose Change Column.
Byline: Joseph N. DiStefano
Dec. 11--The man in charge of Pennsylvania's biggest pot of public investment dollars is leaving for the private sector.
John C. Lane confirmed Harrisburg rumors yesterday that he has resigned, effective Dec. 20, as chief investment officer of the Pennsylvania Public School Employees Retirement System. He's heading to Rochester, N.Y., to run Eastman Kodak Co.'s $13 billion pension fund.
"The time is right for me. I'm 46. If I'm going to make a change, I want to make it now" before his two young children start school, Lane said. The retirement system's board will meet next month to begin work on choosing a successor.
Lane served 12 years under Govs. Tom Ridge and Robert P. Casey. On his watch, the system -- which pays pensions to 100,000 retirees and builds them for 200,000 active workers -- has tripled its assets to $50 billion, thanks both to the 1990s bull market and to $1 billion a year in subsidies from taxpayers and contributions from teachers.
- The Philadelphia Inquirer Loose Change Column.
- Newspaper article from: Knight Ridder/Tribune Business News May 13, 2001 700+ words
By By Joseph N. DiStefano, The Philadelphia Inquirer Knight Ridder/Tribune Business News May 13--FANNIE MAE MORTGAGE CUTS PAYMENTS -- AT FIRST: Fannie Mae, the giant government-backed housing-finance company, says it has found a way...
- The Philadelphia Inquirer Andrew Cassel Column.
- Newspaper article from: Knight Ridder/Tribune Business News September 25, 2002 700+ words
...Cassel, The Philadelphia Inquirer Knight Ridder...Try this: Fannie Mae's duration...which can cut Fannie Mae's income...housing market, Fannie Mae also enjoys...more of The Philadelphia Inquirer, or to subscribe...
- The Philadelphia Inquirer Andrew Cassel column.
- Newspaper article from: Knight Ridder/Tribune Business News September 29, 2004 700+ words
...Andrew Cassel, The Philadelphia Inquirer Knight Ridder/Tribune...Aunt Fannie -- aka Fannie Mae, or the Federal...carefully tended as Fannie Mae's. Its advertising...institutions such as Fannie Mae are supposed to help...To see more of The Philadelphia ...
- The Philadelphia Inquirer Personal Finance Column.
- Newspaper article from: Knight Ridder/Tribune Business News September 26, 2002 700+ words
...Jeff Brown, The Philadelphia Inquirer Knight Ridder/Tribune...year, according to Fannie Mae, the government...long-term costs. Fannie Mae helps keep the mortgage...a default risk. Fannie Mae says it will cover...To see more of The Philadelphia Inquirer, or ...
- The Philadelphia Inquirer Real Estate Notes Column.
- Newspaper article from: Knight Ridder/Tribune Business News August 4, 2002 700+ words
...Heavens, The Philadelphia Inquirer Knight Ridder...annual audit of Fannie Mae and Freddie...directors of Fannie Mae and Freddie...Congress created Fannie Mae and Freddie...more of The Philadelphia Inquirer, or to subscribe...
- The Philadelphia Inquirer home real estate column.
- Newspaper article from: Knight Ridder/Tribune Business News November 15, 2004 700+ words
...By Alan J. Heavens, The Philadelphia Inquirer Knight Ridder/Tribune Business...the 40-year mortgage. Fannie Mae, the nation's largest...market to credit unions, Fannie Mae targets an audience of low...Spokeswoman Sandy Cutts said Fannie Mae looked at programs in light...
- The Philadelphia Inquirer Real Estate News Column.
- Newspaper article from: Knight Ridder/Tribune Business News July 28, 2002 700+ words
By Alan J. Heavens, The Philadelphia Inquirer Knight Ridder/Tribune Business...Latinos with buying houses. Fannie Mae has launched a three-year...NAHB said. To see more of The Philadelphia Inquirer, or to subscribe to the newspaper...
- The Philadelphia Inquirer Home Real Estate Column.
- Newspaper article from: Knight Ridder/Tribune Business News April 6, 2003 700+ words
...J. Heavens, The Philadelphia Inquirer Knight Ridder/Tribune...or bonds, that Fannie Mae and Freddie Mac repackage...not set the rates; Fannie Mae and Freddie Mac...To see more of The Philadelphia Inquirer, or to subscribe...