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Christie administration will probe Tea Party candidate’s link to $15 million in pension funds

Christie administration to investigate pension investment tied to Massachusetts Republican (via NJ.com) TRENTON — Gov. Chris Christie’s administration will audit a $15 million investment of state pension funds into a firm linked to a Republican candidate for governor in Massachusetts, Charlie Baker, state officials said today. Baker donated $10,000…  …

Investors question pay deal for Oracle executives

Fund managers, CalSTRS and PGGM of the Netherlands to press for a vote against Oracle’s executive pay policies A big UK pension fund is among a number of investors preparing to protest against the pay polices of the California-based software company Oracle – whose chief executive Larry Ellison received $76m…

Detroit emergency manager opens investigation into pension fraud

By Steve Neavling DETROIT (Reuters) – Detroit Emergency Manager Kevyn Orr is ordering a joint investigation into the city’s two pension funds, in search of evidence of suspected fraud, corruption, waste and other possible malfeasance. Orr, a restructuring attorney appointed to reduce the city’s runaway debt, signed an order on…

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