Posted Mar 24, 2006, 11:07 PM
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“The Big EasyChair”
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Join Date: Mar 2005
Location: 🌳🌴🌲 Sacramento 🌳 🌴🌲
Posts: 5,979
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Quote:
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Originally Posted by SACMPH
The nice thing about CalPers is that the $210 billion portfolio is free for investment. Companies pay the majority of their revenue out to employees, production costs, etc. Thus, it is pretty evenly dispersed throught the US and world.
Calpers employs as many people in Sacramento as many headquarters do elsewhere (although employees aren't making millions). Also, Sacramento projects are going to have an inside track on funding because CalPers people are going to know about them. It's also better for California if the investments are made in the state, so long as a similar return is anticipated.
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Although the HQ being DT means many many different companies executives fly into and out of SMF to meet with Cal Pers execs. (I read that in the Business Journal  )
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“The best friend on earth of man is the tree. When we use the tree respectfully and economically, we have one of the greatest resources on the earth.” – Frank Lloyd Wright
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