| http://www.w3.org/ns/prov#value | - The party with 100% of the risk and 0% of the upside ??? i.e., the citizenry ??? has no control over CalPERS. Indeed, what little influence the citizens have, which comes through the officials they elect and who sit on CalPERS???s board, is diluted because those officials can receive contributions from CalPERS???s beneficiaries (and others, such as money managers who earn fees from CalPERS).
|
