Don't Betray the Public Trust

Alan Hevesi, former New York state comptroller, was sentenced Friday to one to four years in prison for his role in the political influencing of investment business with the $140.6 billion New York State Common Retirement Fund, Albany.

via Hevesi gets up to 4 years for pay-to-play – Pensions & Investments, 4/15/2011.

While certainly not a solution to pension fund ethics, the board structure seems to me to be slightly less vulnerable than a single point of leadership.

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