November 6, 2009 |
The board president of the nation's biggest public employee pension fund is urging his fellow directors to avoid private meetings with go-betweens who help pitch private-equity investments to the fund. The California Public Employees' Retirement System board has ordered an outside investigation of the role of those intermediaries, known as placement agents, in the agency's massive investments, and board President Rob Feckner said members should not associate with the agents, at least for now. Feckner's memo, issued Thursday afternoon, came as his agency is buffeted by growing concerns about the role of intermediaries, money and influence in CalPERS decisions and calls for reforms in the way CalPERS handles its affairs.
February 23, 2007
* The board of CalPERS, the biggest U.S. pension fund, unanimously elected Rob Feckner to his third term as president. * Iconix Brand Group Inc., owner of the Ocean Pacific and Joe Boxer clothing labels, agreed to buy dance apparel brand Danskin for as much as $85 million. * Entravision Communications Corp., a Spanish-language broadcaster based in Santa Monica, said its fourth-quarter profit rose to $21.4 million, or 20 cents a share, from $3.42 million, or 3 cents, a year earlier.
February 17, 2006 |
The California Public Employees' Retirement System re- elected Rob Feckner president of the $200-billion fund. Calpers' 13-member board voted unanimously to elect Feckner, 48, who also serves as president of the California School Employees Assn. He was first elected last February to replace Sean Harrigan, a leader of the Food and Commercial Workers International Union who was removed after clashing with businesses aligned with Gov. Arnold Schwarzenegger.
July 25, 2005 |
When Rob Feckner took over as head of the nation's richest public pension fund this year, he promised a quieter, gentler leadership style. That was good news to many -- both friend and foe -- who had grown weary of the noisy controversies that were becoming the norm at the California Public Employees' Retirement System. Critics said that CalPERS at times seemed more intent on policing corporate America than looking after the welfare of its 1.4 million members.
February 17, 2005 |
Rob Feckner didn't waste much time Wednesday basking in the applause that greeted his unanimous election as president of the $183-billion California Public Employees' Retirement System. Within minutes of the vote, the bearded, burly 47-year-old Feckner had presided over the selection of his vice president, read a statement of his beliefs and launched a businesslike discussion of the No. 1 item on the day's agenda: voting to oppose Gov.
February 16, 2005 |
Rob Feckner, a school district maintenance worker from Napa, Calif., appears headed toward an easy election today as president of the California Public Employees' Retirement System. Feckner, 47, has been serving as acting president since the ouster of his controversial predecessor, Sean Harrigan, on Dec. 2. Harrigan's removal raised an outcry among corporate governance advocates, who feared it signaled a retreat from CalPERS' role as an aggressive watchdog of business.