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UK Pension Group Accuses Barclays of “Misleading Shareholders” Over Executive Pay [UPDATE: Barclays Pay Chief Resigns]

UPDATE: On Tuesday, Barclays announced the resignation of Sir John Sunderland, chair of the bank’s pay review committee. Barclays says the resignation was unrelated to pressure from the LAPFF, who publicly called for Sunderland’s resignation on Monday. The bank has been criticized by the LAPFF and others over high bonuses and compensation. ...
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Philadelphia Pension Board Appoints Interim CIO

The chief investment officer of Philadelphia’s Board of Pensions, Sumit Handa, announced his plans to resign earlier this month. He officially left the post on January 15. Now, the Board has appointed an interim CIO to take Handa’s place while a search for a long-term CIO plays out. From Philly.com: Francis Bielli, executive director of the Philadelphia ...
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Philadelphia Pension CIO Steps Down

The chief investment officer of Philadelphia’s municipal pension fund has resigned and will leave the fund on January 15, according to ai-cio.com. Sumit Handa is stepping down from his post at the Philadelphia Board of Pensions and Retirement to enter the private sector, but it isn’t yet know where he is going. From Chief Investment Officer: Sumit ...
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Chicago Teacher’s Pension Executive Director Resigns

Kevin Huber, the executive director of the Chicago Public Schools Teachers’ Pension & Retirement Fund, has announced his plans to resign from the fund. From a fund press release: Kevin B. Huber, executive director of the Chicago Teachers’ Pension Fund (CTPF) submitted his resignation and will leave the fund effective December 31, 2014. ...
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Corrupt Ex-Governor Will Keep Pension After Latest Felony Conviction

Former Connecticut Gov. John G. Rowland has been convicted of his second felony and is looking at up to 57 years in prison – but at least he has a pension to look forward to. Rowland in 2004 resigned from the governor’s office in the midst of a criminal investigation where he eventually pled guilty to conspiracy to commit mail fraud and tax fraud. Now, ...
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