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.
Comments are closed.