Post by Logan on May 2, 2016 4:53:03 GMT -6
It’s election season, so we’re hearing plenty about lousy leadership and dysfunctional government, generally along with a promise the next candidate will do better.
In reality, true government reform is rare. Yet hope occasionally is rewarded.
For proof that success is possible, we need look no further than David Wescoe, a lawyer by training who recently completed his first year as chief executive of the San Diego County Employees Retirement Association.
If the name sounds familiar, Wescoe in the late 2000s rehabilitated the operations and reputation of San Diego’s municipal pension system, after the city had earned its “Enron-by-the-sea” slur by lying to bondholders, diverting contributions and spending the system to near-insolvency. Five city pension officials were indicted.
Read more: www.sandiegouniontribune.com/news/2016/apr/30/san-diego-county-pension-ceo-successful-turnaround/
In reality, true government reform is rare. Yet hope occasionally is rewarded.
For proof that success is possible, we need look no further than David Wescoe, a lawyer by training who recently completed his first year as chief executive of the San Diego County Employees Retirement Association.
If the name sounds familiar, Wescoe in the late 2000s rehabilitated the operations and reputation of San Diego’s municipal pension system, after the city had earned its “Enron-by-the-sea” slur by lying to bondholders, diverting contributions and spending the system to near-insolvency. Five city pension officials were indicted.
Read more: www.sandiegouniontribune.com/news/2016/apr/30/san-diego-county-pension-ceo-successful-turnaround/