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CalPERS To Retire Its Focus List

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(Sacramento, CA)
Tuesday, November 16, 2010

California Public Employees' Retirement System has called out companies such as Apple Inc. and The Walt Disney Co. for its boards and performance during the past two decades. 

But its Focus List is not needed as much today.  Instead, the nation's largest public pension fund is taking a much gentler and kinder approach, at least when it comes to a public scolding.
  CalPERS officials say behind closed-door meetings with company board members and executives are a more effective way to encourage improved performance.
The decision ends a 20-year-old practice that always attracted the attention of investors on main street and Wall Street.
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