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After news that former Calpers boardmember Al Villalobos earned $50M in five years as a...

Tuesday, December 29, 2009, 3:28 PM ET
After news that former Calpers boardmember Al Villalobos earned $50M in five years as a middleman between the nation's biggest pension fund and firms seeking business, the fund sets new rules restricting contact between boardmembers and money managers.

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This news story has 3 comments:

Zardoz Comments (7)

Interesting... 50M... in 5 years... not bad...

29 Dec 2009, 04:02 PM Reply Like

gatekeeper Comments (72)

He exploits CALPERS for $50mill and the only punishment is his being, "subject to censure, removal from committee chairman positions or temporary loss of travel privileges."? Well, slap his wrist! Laugh in their faces, big Al.

29 Dec 2009, 05:18 PM Reply Like

davidbdc Comments (2988)

This sounds like business in Russia or the Middle East....want a contract make sure my family, friend, associate gets a contract for 2 or 4% to not do any work.........

29 Dec 2009, 08:43 PM Reply Like

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