Last month, CalPERS voted to increase the compensation package it offers for two top executives as it tries out to replace outgoing Chief Investment Officer Ted Eliopoulos and to fill a vacancy at chief financial officer. The next chief investment officer will be able to earn $1.77 million in a single year, which is about […]

California has invested billions of public dollars over the past decade into studying stem cells and it has finally received its first royalty check for its investment. The City of Hope medical research center sent over $190,000 to the State Treasurer’s Office, which was received in December, related to research funded by the California Institute […]

The Wall Street Journal reports this morning that “California Municipalities’ Debt Disclosures Contrast With Climate Warnings.” As you probably know, at least seven local governments in California are suing the oil and gas industry in an effort to hold them financially responsible for rising sea levels; however, when they sold debt to investors in the form of bonds, […]

Some interesting news has come from the California State Teachers’ Retirement System (CalSTRS) regarding its pension fund. The teachers’ pension fund is considering canceling its investments in national retail companies selling guns and ammunition banned in the state after a call for action from Treasurer John Chiang following the mass shooting in Las Vegas last […]

Last month, state regulators seized troubled Santa Rosa-based State Assistance Fund for Enterprise, Business and Industrial Development Corporation (SAFE-BIDCO) and announced plans to liquidate the state-chartered nonprofit. The 36-year-old organization, which is devoted to helping small businesses obtain loans, had been under scrutiny after a scathing state audit in April found that it risked going […]

As it turns out, if all you do to become rich is working hard, it will only end up costing you more in the long run. It seems weird because one of the American values that we are taught at an early age is that the only way to acquire wealth is through hard work. […]