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TIL: The CEO of CALpers, a $300 billion pension fund, doesn't have a degree
| Violent lascivious toilet seat cumskin | 05/22/18 |
| Violent lascivious toilet seat cumskin | 05/22/18 |
| Awkward wagecucks | 05/22/18 |
| Bistre sinister university ceo | 05/22/18 |
| Drab Up-to-no-good Locale | 05/22/18 |
| dashing khaki really tough guy elastic band | 05/22/18 |
Poast new message in this thread
Date: May 22nd, 2018 3:03 PM Author: Violent lascivious toilet seat cumskin "One has to assume that the motivation for allowing a person who would be deemed to be grossly unqualified under current rules to be hired in the Chief Actuary is that the new CEO, Marcie Frost, has someone specific she’d like to bring in.
The fact that Frost herself does not have a college degree and certainly does not have the mathematical chops to evaluate an actuary’s professional competence certainly looks like she is giving personal loyalty far too much weight in a role where analytical rigor and professionalism are of paramount importance."
Although to be fair, she is pursuing one from Evergreen State
"Frost is a native Washingtonian and is pursuing dual bachelors and master’s degree in public administration from Evergreen State College."
http://www.unz.com/isteve/calpers-cfo-dumped-for-being-dodgy/ |
Date: May 22nd, 2018 3:06 PM Author: Violent lascivious toilet seat cumskin As of 2018, the agency has $360 billion in assets, and is underfunded by an estimated $150 billion, with current assets below 70% of necessary to provide for liabilities.[9][10] In an effort to reduce this shortfall, at the end of 2016 the board lowered their expected annual rate of return on investments from 7.5% to 7.0%, increasing the costs California cities must pay toward their workers' pensions.[11]
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Date: May 22nd, 2018 3:16 PM Author: Awkward wagecucks CFO of CalPERS was an underqualified black who lied on his resume.
The place is a joke, but they aren't the real problem. The promised pension benefits are crazy and need to be cut. |
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Date: May 22nd, 2018 3:27 PM Author: Bistre sinister university ceo Holy shit. I'm an actuary and I have no illusions about the importance of my personal role (I'm a lowly cog in BIGINSURANCE), the relevance of the exams I took to get credentialed, etc.
But this is insane. Chief actuary of a $350 billion byzantine financial system is the single most important role in the system. I don't think this broad has taken a single exam. |
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Date: May 22nd, 2018 3:32 PM Author: Drab Up-to-no-good Locale cr.
holy shit. wow. |
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Date: May 22nd, 2018 3:32 PM Author: dashing khaki really tough guy elastic band Some day I am going to be asked to help cover the long anticipated shortfall in this plan, though I've never lived in California. On that day, I will take up arms against my would be robber. (http://www.autoadmit.com/thread.php?thread_id=3983820&forum_id=2#36106105) |