Free Republic

SACRAMENTO - Assembly Speaker Fabian Nunez renamed veteran Southern California union leader Mike Quevedo Jr., to the California Public Employees Retirement System board Monday, signaling the Legislature's approval for CalPERS' growing activism on corporate governance issues. Nunez called Quevedo, a board member since February 1998, "without question, the best choice," and said the union official would "continue to protect the shareholders by pursuing more corporate accountability and more corporate responsibility." The move ends speculation that Nunez, D-Los Angeles, and Senate President Pro Tem Don Perata, D-Oakland, would replace Quevedo with Sean Harrigan, a veteran labor who led the board for...

Sean Harrigan and his acolytes are spinning a melodramatic tale about his ouster from the governing board of the huge California Public Employees' Retirement System - that he was such a tireless and effective critic of corporate misdeeds that business executives conspired with Gov. Arnold Schwarzenegger to silence him. State Treasurer Phil Angelides, who longs to succeed Schwarzenegger as governor, is among those peddling that version of why the State Personnel Board replaced Harrigan as its representative on the retirement board. Harrigan, president of the CalPERS board since last year and a longtime official of the union that represents grocery...

SACRAMENTO — Sean Harrigan, whose ouster this week as president of the California Public Employees' Retirement System made headlines around the world, may soon be back on the board of the $177-billion pension fund. Harrigan lost his seat when the state Personnel Board voted 3 to 2 on Wednesday to replace him as its CalPERS representative. However, national union leaders have asked top Democrats in the state Legislature to appoint Harrigan to another open seat on the 13-member board, people familiar with the talks told The Times. And lawmakers appear to be willing to listen. State Assembly Speaker Fabian Nuñez...

State Finance: California's massive public employee retirement fund, dubbed Calpers, sacked its top executive this week. To that we say: It's about time. If you don't know about Calpers, or think it's of interest only to California, shame on you. Calpers is the largest public investment fund on earth, and wields enormous clout in stock markets around the world — including our own. So when the State Personnel Board voted 3-to-2 to fire controversial head Sean Harrigan, it made waves. Some blamed "big business" for the firing, others a secret deal between Gov. Arnold Schwarzenegger and his big-money backers in...

Published reports on Tuesday suggest that the California Personnel Board may remove President Sean Harrigan from the board of CalPERS when his term expires next year. Mr. Harrigan blames efforts by the governor's office and top corporate players. If removed, however, Mr. Harrigan will have no one to blame but himself. Mr. Harrigan is an international vice president and executive director with the Food and Commercial Workers International, and has used his position at the helm of America's largest public pension fund to promote a far-left political agenda rather than to mainly assure the health of the fund's sizable investments....

SACRAMENTO (AP) - The president of the nation's largest pension fund believes he will be ousted from the board after waging a corporate reform movement using its $177 billion investment portfolio as leverage, according to a newspaper report. Sean Harrigan, head of the California Public Employees' Retirement System since 2003, serves on the pension fund's panel as the representative of the state Personnel Board. Harrigan told the Los Angeles Times in Tuesday's editions that he has been told that a majority of his fellow Personnel Board members will vote Wednesday to replace him when his term expires early next year....

Steve Harrigan is in Karbala with U.S. forces as they fight the radical Shitte cleric Muk'tada Al Sadr. Harrigan has been right in the thick of things with the heroes for the past week. Right NOW..Harrigan just showed a picture of a Mosque. Harrigan said that this Moaque has been a haven for Islamic rebels for too long now. Then...Steve says..."NOW IT WILL BE LEVELED TO THE GROUND!" Then....U.S. Soldiers proceeded to level it to the ground. Steve is really showing some of the best footage I've ever seen from a War Correspondent.

<p>Labor leader Sean Harrigan beat out San Francisco Mayor Willie Brown as the new president of the nation's largest pension fund, despite Gov. Gray Davis' endorsement of Brown.</p> <p>Harrigan, vice president of the United Food and Commercial Workers Union, will succeed William Crist as the head of the California Public Employees' Retirement System governing board. Crist is retiring after 11 years as president.</p>