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Posted by kevin r schmidt on 04/22/02 - 12:55:13
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Do you think a politician (Republican or Democrat) is going to bite the hand that feeds them?  Its all about making money and protecting those who make the most money.    

CalPers is the largest, it not largest, institutional investor in this country.  Look at the power and control they have over the board rooms of the corporations they hold stock in.  

Think about this.  Do you think the Governor and Senators of California are going to try and pass regulations that limit control of CalPers over their investment holdings?  After all the beneficiaries are State of California employees.  







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