CalSTRS Takes a Hard Stance on Facebook’s Governance
A privacy scandal leads to a harsh reprimand for social media network from the mega pension fund.
Newsmakers
Gov. Rossello Makes Good on Fiscal Plan Promise
Although proposed labor reforms and pension cuts were excluded, Puerto Rico's board may still impose its own plan.
SEC Hits Founder of Fintech Start-Up Mozido with Major Fraud Filing
Liberty had been released from federal prison in January following campaign contribution activities.
Comptroller DiNapoli Presses Pollutants on Paris Agreement Goals
NYS Common pulls shareholder requests after DTE Energy, Dominion Energy, and Southwestern Energy comply.
British Airways Closes Pension Plans
Closes one pension to future accruals and another to future contributions.
PR Gov. Rossello to Present Rogue Fiscal Plan Thursday
Proposal will defy board-requested revisions to PR pension system in favor of governor’s original concepts.
Kentucky Passes Surprise Pension Reform that Was Inserted into a Sewage Services Bill
State’s attorney general says bill violates law, plans to sue when signed by governor.
Alaska Fund Reminds Lawmakers It’s Not a Piggy Bank
State House bill proposes to more than double the fund’s dividend in 2019.
Outraged Puerto Rico Gov. Clashes with Oversight Board, Yanks His Plan
Panel, seeking pension cuts, could unilaterally impose its own fiscal blueprint if stand-off continues.
Despite Lopsided Lawmakers’ OK, NJ Pension Bill in Limbo
Bill would yank police and firefighter pensions from state management, but governor is skeptical.
CIO NextGen: Send Us Your Nominations for the Up-and-Coming Leaders Reshaping the Industry!
Taking our unique mission of serving the asset owner community to the next level, CIO launched its DigitalFIRST strategy this year. As we continue to make community and interactivity...
Chicago Public Schools Sinks $1B Deeper in Debt
Estimates cite lackluster returns, Gov.’s spending plan as causes of debt hit.
UK Proposes Resolution to Resolve UCU Pension Dispute
Proposal calls for guaranteed pension comparable with current plan.
Warburg, Disruptive Capital Launch UK’s First Pension Consolidation Fund
The private equity firms are providing £500 million to seed the ‘superfund.’
CalSTRS Not on Board with Tesla’s Proposed Compensation Package
Cites issues with ‘lack of focus on profitability for the company.’