Hacker Newsnew | past | comments | ask | show | jobs | submitlogin
Calpers CIO made false disclosure, resigns 2 days later (nakedcapitalism.com)
2 points by rsj_hn on Aug 6, 2020 | hide | past | favorite | 2 comments


Finance used to be a boring but scrupulously honest area of work. Unfortunately, many finance people are now corrupt. Private equity for example in the last thirty years has turned into a mechanism to make its operators rich while destroying the businesses it invests in. https://joelx.com/private-equity-destroys-hospital-chain/159...


Naked Capitalism has done a great job covering this stuff, and has many articles describing the corruption in CalPers.




Consider applying for YC's Winter 2026 batch! Applications are open till Nov 10

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: