See: calpers, where everyone in the organization is both non-finance and getting hoodwinked, often by their coworkers, often by their board! Notable for many th

See: calpers, where everyone in the organization is both non-finance and getting hoodwinked, often by their coworkers, often by their board! Notable for many things, including selling out of their hedge fund positions shortly before the pandemic, as well as becoming an extremely large owner of timber companies across the US for absolutely no good reason. https://www.nakedcapitalism.com/category/calpers https://www.nakedcapitalism.com/category/calpers edit: here's a more specific article that's very related to the OP https://www.nakedcapitalism.com/2023/11/should-calpers-fire-everyone-and-just-buy-some-etfs.html https://www.nakedcapitalism.com/2023/11/should-calpers-fire-...