The mystery of the power of incumbency is clearly not yet solved. Although we may easily identify the perpetrator - namely, human nature - the nature of the motive is far murkier. But until that clarity is achieved, I fear that democracy will fail to achieve its promise of the greatest good for the greatest number.
Thursday, November 5, 2009
Does CalPERS Have A Board Recall Process?
About halfway through this news article, we learn that Kurato Shimada, re-elected to the CalPERS Board just a few weeks ago, is also implicated in the insider-trading funny business that tars two former colleagues on the Board, Alfred Villalobos and Fred Buenrostro, as well as the lame (and ill) duck, Chuck Valdes.
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