IT’S OFFICIAL: CITY OF STOCKTON IS BANKRUPT
US Bankruptcy Judge Christopher Klein issued a ruling on April 1, 2013 that the City of Stockton was eligible for Chapter 9 Bankruptcy proceedings. Judge Klein’s ruling comes after a 3 day trial where certain creditors of the City, particularly Wall Street companies that either bought Stockton’s bonds or insured ...Read More
EMPLOYEE ORGANIZATIONS NEED TO CREATE VALUE
EMPLOYEE ORGANIZATIONS NEED TO CREATE VALUE Anyone involved with their union or employee organization would be well advised to read the recent article by Holman W. Jenkins, Jr. in the Wall Street journal entitled “What Labor Could Learn Form NFL Refs”. Jenkins, Jr. accurately concludes that the reason the NFL ...Read More
CalPERS CEO Issues Statement on Governor’s Pension Reform Proposal
CalPERS CEO Issues Statement on Governor’s Pension Reform Proposal SACRAMENTO, CA – Anne Stausboll, Chief Executive Officer of the California Public Employees’ Retirement System (CalPERS), today issued the following statement in response to Governor Edmund G. Brown, Jr.’s 12-point pension plan: “CalPERS is closely involved in the pension policy ...Read More
Governor Browns Pension Reform Plan Proposes Big Changes
Governor Brown’s 12 point pension reform plan that was released today outlines big changes to current and future public employees, including California state employees as well as employees of local governments, schools and special districts. The Governor’s plan, while probably outraging institutional Unions, probably does not go far enough for ...Read More