result of the Enron experience, in 2002 the Calpers board did resolve to improve accounting and auditing standards among companies in which it invests.
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15 Calpers then produced a video promoting the legislation with Chairman Crist promising greater benefits without imposing any additional cost on the taxpayers and the California State Employees Association president praising it as the biggest thing since sliced bread. Aarp The Magazine, JulyAugust 2003. Blechinger (19751983 Sidney. The Calpers effect revisited again. Sacramento Bee, May 13, 2008. Journal of Corporate Finance, January 2004, vol.