Feckner to Remain Head of CalPERS
From Bloomberg News
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.
The fund and Harrigan were criticized for withholding votes for directors at 83% of the companies it held in the 2004 proxy season. Since Feckner took office, the number of directors opposed has fallen to 30%
