【deebo samuel or rashee rice】Former California pension CIO scrutinized for China ties was highest paid state employee: watchdog
时间:2024-09-29 12:20:47 出处:Knowledge阅读(143)
Thedeebo samuel or rashee rice former chief investment officer of the nation's largest public pension fund who
resigned
suddenly in August amid questions about his ties to
China
was California's highest-paid California state employee in 2019, according to watchdog Transparent California.
Yu Ben Meng served as CIO of the California Public Employees Retirement System (CalPERS) for less than two years. He received approximately $1.5 million in pay and $215,000 in benefits in 2019 according to Transparent California's
database
.
HOUSE POISED TO CUT ROGUE CHINESE FIRMS OFF FROM AMERICAN INVESTORS
California's second-highest compensated public employee was Christopher Ailman, CIO of the California State Teachers' Retirement System, who earned roughly $1 million in total pay according to Transparent California.
CalPERS and Meng had been under pressure from Rep.
Jim Banks
, R-Ind., about ties to
China
since earlier this year.
"Not only did CalPERS increase its investments in Chinese Communist Party affiliated companies while Yu Ben Meng was at the helm, we have now learned he was personally invested in companies with ties to the Chinese Communist Party," Banks previously told FOX Business in a statement.
After Meng's resignation, California’s Fair Political Practices Commission said in August it would
investigate
allegations involving Meng.
Meng's resignation came after a post from the financial blog
Naked Capitalism
claiming he committed a felony by filing "demonstrably false financial disclosure documents."
GET FOX BUSINESS ON THE GO BY CLICKING HERE
Meng left "to focus on my health and on my family and move on to the next chapter in my life," he said in a
statement
in August.
Meng started at CalPERS in 2008 but left, eventually becoming deputy CIO of China’s State Administration of Foreign Exchange.
CalPERS declined to comment to FOX Business.
CLICK HERE TO READ MORE ON FOX BUSINESS
Related Articles
These Countries Could Leave the EU Next
Exclusive: Harrowing Video Shows Starving Venezuelans Eating Garbage, Looting
Sen. Scott Brown: America’s Silent Crisis is Housing
View comments
猜你喜欢
- Role of Wireless ICT in Healthcare Markets, 2020 Report - Focus on WICT and M2M Communications, Self-powered Wireless Sensors, Underlying Technologies, & WBAN/WMBAN Features and Standardization
- Upcoming Deadline Reminder: The Schall Law Firm Encourages Investors in Arrival SA with Losses of $100,000 to Contact the Firm
- Thousands fired after garment industry protest in Bangladesh
- Euro zone inflation falls, though core rate inches higher
- Crude Oil Price Update – Close Over $35.79 Forms Potentially Bullish Closing Price Reversal Bottom
- ManpowerGroup (MAN) Q4 Earnings Beat, Revenues Miss Estimates
- BRIEF-YFG Bhd Says Unit Accepted Letter Of Award
- 'Bright Star' opens at TLP
- Is There Now An Opportunity In Sotherly Hotels Inc. (NASDAQ:SOHO)?