CalPERS targets 5 new companies
$240 billion pension fund giant CalPERS is shaking the ground at five companies, adding them to CalPERS’ Focus List of unperforming companies:
Cheesecake Factory
Hilb Rogal & Hobbs
Invacare
La-Z-Boy
Standard Pacific
Corporate governance complaints at these companies include staggered boards, restraints on shareholder voting, and unfriendly bylaws.
To read the startled reactions from these named companies as reported by Bloomberg, click here.
