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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Win-Lose-Draw who wrote (205783)	11/19/2002 9:10:34 PM
From: mishedlo	Respond to of 436258

California Pension fund pissed of at TYCO sunspot.net California pension giant is trying to force 3 companies back to U.S. Tyco, Ingersoll-Rand, McDermott International -------------------------------------------------------------------- Associated Press Originally published November 19, 2002 SNIP: ..."California Treasurer Phil Angelides, a member of the CalPERS investment committee, called offshore incorporation "a despicable practice." "It says 'We're not going to fulfill our corporate responsibility to pay taxes' and 'We're going to make it hard for shareholders to enforce their rights,'" he said. Angelides said it is especially important for public retirement funds to take a strong stand against the practice in light of a void in leadership at the Securities and Exchange Commission."