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CalPERS Targets Fortune 100 Companies in Disclosure Probe.
The $168 billion California Public Employees' Retirement System issued a warning last week to the nation's largest companies; eliminate any conflict of interests that may interfere with company business.
In a letter sent to the CEOs of U.S. Fortune 100 companies, CalPERS CIO Mark Anson declared that the board was "very concerned about recent news reports that directors and senior management at some of the nation's largest financial institutions had economic interests in entities that acquired assets from or provided services to the public company for which they served."
The …
- Executive Moves.(Thomas Hughes)(Mark J.P. Anson)(Paul D. Kaplan)
- Newspaper article from: Money Management Executive November 14, 2005 700+ words
...Before he joined Deutsche Asset Management, Hughes was with Merrill Lynch for 17 years, holding various senior management positions...s domestic equity program. In 2001, he was promoted to CalPERS CIO. "We are going to miss Mark, but wish him well in his...
Source: HighBeam Research, CalPERS Targets Fortune 100 Companies in Disclosure Probe.
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