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Stock impact report

Questions about new CalPERS CFO's background and experience should be taken seriously by the pension fund [Los Angeles Times (CA)]

Heidrick & Struggles International, Inc. (HSII) 
Last heidrick & struggles international, inc. earnings: 4/27 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: heidrick.com
Questions about new CalPERS CFO's background and experience should be taken seriously by the pension fund The California Public Employees' Retirement System is the largest public pension fund in the country, with more than $350 billion in assets. CalPERS serves 1.9 million workers in its pension system and provides health coverage to 1.4 million workers and their families. The system long has been known as a bellwether and standard-setter among institutional investors. Now meet its chief financial officer, Charles A. Asubonten, who was appointed last September. Asubonten doesn't appear to have much experience in the pension finance field. According to the 55-year-old's resume , his most significant recent employment before joining CalPERS was in 2006 through 2009, when he served as CFO of a South African copper mining company that earned about $23.5 million profit on revenue of about $483 million in 2009. After that, he went through a more than yearlong period of unemployment. We thou Show less Read more
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