Quote:
Originally Posted by jsf8278
What's your point? They're not beholden to California in anyway other than to provide the largest possible return for their customers, who happen to be California residents.
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Not to speak for ozone but I think the point is this. Entities like Microsoft, GM, Boeing, etc are not obligated to do anything other than to maximize the return for their shareholders yet they pump in millions anually into "civic investements" in the areas they have rooted themselves. Its an apples to oranges comparison since CalPERS isn't a traditional corporation trying to build goodwill or add to its image but if there wasn't a sign on a building that says CalPERS just about no one would know that an organization that controls billions of dollars in investment capital has any presence in the region. I think a token project here or there wouldn't kill their great returns. Is Sacramento that poor of an investment? I guess so...
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