(The Business Insider) Two of America’s biggest public pension funds — the California Public Employees’ Retirement System (Calpers) and the California State Teachers’ Retirement System (Calstrs) — sent a joint letter on Monday to the bank’s lead director, Jack Bovender. The two funds wrote that sitting as both CEO and chairman of the No. 2 U.S. bank by assets created a conflict of interest.
Two Of America’s Biggest Pension Funds Give BOA a Thumbs Down
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