As the nation's largest public pension fund, CalPERS has a particular responsibility to continually strive to invest in ways that not only unequivocally meet its fiduciary obligations, but also strengthen our economy and society.
For the sake of current and future teachers - not to mention the kids they serve - K-12 educators and their union representatives would do well to seriously consider the defined contribution model that has served higher education so well.
Recently Bay Area climate activist Tom Steyer described the agonizingly slow pace of U.S. political action on global warming as the equivalent of driving a car at a hundred miles an hour towards a cliff. He's right. The longer we wait to address warming, the harder it gets to do so.
Around the country, Americans are not only lobbying their Congressmembers to support legislation to reduce gun violence, they are also voting with their dollars -- through pension funds, government purchasing policies, and university endowments.
Ironically, the only impact that the tragedy in Newtown has had for the Freedom Group, Cerberus and its investors so far is a massive INCREASE in sales, as gun shops are reporting their highest sales in decades.
In my book, there's nothing 'quaint' about corporate fraud or ripping off pension funds. So, I'll continue to bring the high-priced rip-off artists like State Street Bank to justice, regardless of CNBC sneers.