Public Feuding at Pension Fund
New York Times (11/27/01) p.B7A; Holson, Laura M.

For the past two years the members of the board of the California Public Employees' Retirement System, or Calpers, have been battling one another, thereby tarnishing the reputation of the group, which oversees the approximately $150 billion pension plan. The 13-member board ordered an internal review of its practices due to the continuing mudslinging, and the members have pledged to try to resolve disputes informally before taking the fund to court. Despite the board's attempts to curb inner turmoil, CIO Daniel Szentes quit after 15 months on the job, claiming that the board was too hard to deal with, among other accusations.

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