Calpers Pushes Boards to Clear Room for the Young and Ethnic – Bloomberg Politics

California’s big public pension fund has a message for corporate board members like Lee Raymond, the 77-year-old lead director at JPMorgan Chase & Co.: It’s time to retire.
The $294 billion California Public Employees’ Retirement System is taking aim at older, white men on corporate boards with a proposed policy aimed at adding more women, minorities and gays to key positions at the largest U.S. companies.

via Calpers Pushes Boards to Clear Room for the Young and Ethnic – Bloomberg Politics.

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