Posts tagged private equity firm
Commentary: CalPERS takes unnecessary risks that could cost taxpayers
February 3, 2025 // When CalPERS fails to meet its expected investment returns, California’s state and local governments—meaning taxpayers—are solely responsible for covering the resulting shortfall. Public pension liabilities are legally binding. There is no defaulting on them. Consequently, when public pension system investments underperform, government employers—again, taxpayers—must cover the gap.
Opinion: Better Capitalism Will Reduce The Need For Unions
January 17, 2025 // But now, slowly but surely, we see the pendulum starting to swing again. A new generation of corporate leaders increasingly recognize the downsides of shareholder primacy and the benefits of multi-stakeholder capitalism. Some companies are moving away from treating workers as replaceable widgets — as pure cost centers — and increasingly see them as the key to improving productivity and innovation, which are now the key drivers of long-term profit. Some notable examples in recent years include Delta Airlines, Home Depot, Costco, Best Buy, and JP Morgan Chase.