Home

$125 Million Plus Paid to Placement Agents for CalPERS Deals
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

The California Public Employees’ Retirement System (CalPERS), which provides retirement, health, and other financial programs to more than 1.6 million public employees, retirees, and their families and more than 3,000 public employers, has hired Washington based law firm Steptoe & Johnson to investigate the use of placement agents after it was disclosed the agents were paid $125 million plus to help them win business with the CalPERS.

Three former CalPERS board members were among the placement agents, including William D. Crist, a longtime board president, who’d lobbied the fund for an investment firm interested in attaining a share of CalPERS’ $205 billion in assets.

  
What
Where


“The fact that people are being lobbied by people who have relations with current board members, even though they are former board members, is totally inappropriate,” said Dave Elder, a former assemblyman from Long Beach who monitors CalPERS for public employee unions.



 

Interesting Legal Sites You May Like


BCG FEATURED JOB

Locations:

Keyword:



Search Now

Junior Real Estate Attorney

USA-ID-Coeur D Alene

Northern Idaho office of our client seeks a real estate attorney with 1-5 years of experience. The c...

Apply Now

Litigation Associate Attorney

USA-CA-South Pasadena

South Pasadena office of our client seeks litigation associate attorney with 2+ years of experience....

Apply Now

Corporate and Real Estate Transactional Attorney

USA-TX-Dallas

Dallas office of our client seeks corporate and real estate transactional attorney with experience. ...

Apply Now

RELEVANT JOBS

Legal Secretary

USA-CA-San Jose

A downtown San Jose law firm is looking to hire a full-time legal secretary to support attorneys and...

Apply now

Associate Attorney

USA-NY-New York City

Qualifications: The ideal candidate will have 1-3 years legal experience, either in the area of a...

Apply now

Junior Associate Attorney

USA-NY-Brooklyn

Boutique law firm is looking to hire an entry-level attorney. Our main practice areas are commercial...

Apply now

Paralegal

USA-NY-Brooklyn

Boutique litigation firm seeks a full-time paralegal to grow with us. Responsibilities include prepa...

Apply now

SEARCH IN ARCHIVE

To Top