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  • July 1991 (Revised August 2000)
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California PERS (A)

By: Jay O. Light, Jay W. Lorsch and James O. Sailer
  • Format:Print
  • | Pages:18
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Abstract

Examines California Public Employees Retirement System (CalPERS), the world's fourth largest pension fund. Dale Hanson, CEO of CalPERS, has a problem; how does he use CalPERS' influence as the holder of a small percentage of 1,300 American companies to put pressure on corporate America to achieve better returns for shareholders? The case discusses the constraints which confront CalPERS as a quasi-state agency and describes their efforts to improve corporate governance to date.

Keywords

Employees; Retirement; System; Asset Pricing; Performance Improvement; Corporate Governance; Investment Funds; Investment Return; California

Citation

Light, Jay O., Jay W. Lorsch, and James O. Sailer. "California PERS (A)." Harvard Business School Case 291-045, July 1991. (Revised August 2000.)
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About The Author

Jay W. Lorsch

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Related Work

    • February 2001
    • Faculty Research

    California PERS (B)

    By: Jay O. Light, Jay W. Lorsch, James O. Sailer and Katharina Pick
Related Work
  • California PERS (B) By: Jay O. Light, Jay W. Lorsch, James O. Sailer and Katharina Pick
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