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| China-Japan-Koreas |
| Yu Meng resigns from CALPERS |
| 2020-08-07 |
Related: Thousand Talents: 2020-07-31 Harvard University Professor Charged with Tax Offenses Thousand Talents: 2020-07-25 Fugitive Chinese researcher arrested overnight, being held in Sacramento County Jail Thousand Talents: 2020-06-27 FBI Director Wray says over 2,000 active investigations tied to China |
| Posted by:Hupinens Juling5588 |
| #6 In the initial article, I wondered why Meng had resigned out of the blue and effective immediately. Did he resign while on a little trip home to visit the fam? |
| Posted by: trailing wife 2020-08-07 13:45 |
| #5 UPDATE: CA Pension Fund Exec Yu Meng Resigned After Filing False Financial Disclosures, Self-Dealing CalPERS’ investments in companies supplying China’s military complex were already under scrutiny by the Trump administration, and major questions about Meng’s allegiance to the United States were brought up by Rep. Jim Banks (R-IN) due to the fact that Meng’s prior employer was the Chinese government and since Meng has admitted to being part of the CCP’s “Thousand Talents Program” (TTP). In the initial article, I wondered why Meng had resigned out of the blue and effective immediately. It turns out that just three days earlier, on August 2, Yves Smith at the Naked Capitalism blog posted a stunning, well-sourced exposé detailing Meng’s false filings on required financial disclosure forms, blatant self-dealing, and close ties to the highest levels of the Chinese Communist Party government. |
| Posted by: Hupinens Juling5588 2020-08-07 08:31 |
| #4 IIRC, CALPERS must invest x-amount in green/eco-friendly companies. It is due to such malinvestments -- as in Illinois -- that the Dems want to bail out these walking dead pension funds. |
| Posted by: Clem 2020-08-07 07:50 |
| #3 CALPERS has long tried to put Socially Aware Investing above Fiduciary Duty to get the best investment return possible. Anyone doing that should be able to be sued individually for damages |
| Posted by: Frank G 2020-08-07 07:38 |
| #2 Not to be confused with the Vernier Calpers you might have in your toolbox. |
| Posted by: SteveS 2020-08-07 07:24 |
| #1 Since I needed to look it up: CalPERS: California Public Employees' Retirement System |
| Posted by: 3dc 2020-08-07 05:56 |