Asian Evasion

Topics:
Accounting software,
Compensation Guide
Tags:
Benefits,
Business Operations,
Corporate Governance,
Corporate Law,
Human Resources,
Labor Relations,
Payroll Solutions,
Thomson Corp.
Source:
Thomson Gale

Vendor Registration: required

Overview: Public Employees Retirement System, the largest U.S. pension fund, earned an impressive 23.3 percent return in 2003. Imagine how much better it might have done if it paid more attention to Asia. In February 2002, Calpers pulled out of stocks in Indonesia, Malaysia and Thailand, citing concerns about corporate governance, political instability and labor standards. It turns out that those markets have been among the world's top performers for two years running.

(Is this item miscategorized? Does it need more tags? Let us know.)

Format: HTML | Date: Mar 2004

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