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Corruption has many faces, CalPers is one of them.
"A nonprofit public interest organization has sued CalPERS to obtain records that may shed light on why the pension fund would invest $100 million in Page Mill Properties, which until recently was the biggest residential landlord in East Palo Alto and came under fire for substantially raising rents.
"CalPERS' investment of $100 million in a project that has yielded nothing raises significant questions," states the lawsuit filed Friday by the First Amendment Coalition."
There should never have been a lawsuit filed, that is a waste of money. CalPers, a public agency should have immediately upon request given the information--the fact that they were hiding the documents shows CalPers was doing something corrupt.
Were I in charge, anybody working for CalPers who refused to turn over the requested documents would be fired, on the spot--regardless of how "important" they are. First, I would fire the "attorneys" giving them advice.
What would you do?
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"A nonprofit public interest organization has sued CalPERS to obtain records that may shed light on why the pension fund would invest $100 million in Page Mill Properties, which until recently was the biggest residential landlord in East Palo Alto and came under fire for substantially raising rents.
"CalPERS' investment of $100 million in a project that has yielded nothing raises significant questions," states the lawsuit filed Friday by the First Amendment Coalition."
There should never have been a lawsuit filed, that is a waste of money. CalPers, a public agency should have immediately upon request given the information--the fact that they were hiding the documents shows CalPers was doing something corrupt.
Were I in charge, anybody working for CalPers who refused to turn over the requested documents would be fired, on the spot--regardless of how "important" they are. First, I would fire the "attorneys" giving them advice.
What would you do?
More...