Category Archives: CalPERS

Marcie Frost’s Reign of Error: Second Star CalPERS Employee Fired in a Month; Ouster Backfires as We Publicize Complaint

Two CalPERS insiders informed us that Justin Harwell, then the manager heading CalPERS’ Information Security Office, was terminated last Friday, or as one put it, “was walked out Friday afternoon.” Consistent with his bio on LinkedIn, Harwell, who joined CalPERS in late 2017, was seen as having a strong background in information security and came […]

Read more...

CalPERS Fiasco 2: Confidential Member Data at Risk by Letting Company With No Contract Have Access; CalPERS Apparently Still Has No Deal With Any Vendors for Upcoming Elections

How CalPERS gave access to its sensitive member database to a company it barely knew, Votem Corp., with no contractual protection whatsoever. That’s like giving the keys to your house to someone you just met.

Read more...

CalPERS Fiasco: Impermissible Non-Public Board Election Count; Failure of Widely Criticized Internet Voting to Deliver on Any Goals; Botched Tabulation

CalPERS refused to abandon its half-baked idea to push beneficiaries to vote by Internet ant phone. The scheme had not only failed to produce its alleged benefits, but it’s also again demonstrated CalPERS’ incompetence and deep commitment to cronyism.

Read more...

CalPERS Admits Its New Private Equity Funds Will Dilute Returns, Seeks to Change Benchmark to Hide That; Presents Other Questionable Claims as Top Investors Underperform Due to “Alternative Investments”

Awfully late in the game, CalPERS finally tries to ‘splain its private equity plans. The giant fund only digs its hole deeper.

Read more...