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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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Interesting... 50M... in 5 years... not bad...
29 Dec 2009, 04:02 PM
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
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
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