Joseph Dear, who as chief investment officer of the California Public Employees’ Retirement System rebuilt the biggest U.S. public pension after a $96 billion loss, died yesterday in Sacramento. He was 62.
In May 2008, a unit of Koch Industries Inc., one of the world’s largest privately held companies, sent Ludmila Egorova-Farines, its newly hired compliance officer and ethics manager, to investigate the management of a subsidiary in Arles in southern France. In less than a week, she discovered that the company had paid bribes to win contracts.
Crude oil shipped by railroad from North Dakota is drawing fresh scrutiny from regulators concerned that the cargo is adding environmental and safety hazards, something that analysts say could raise costs.
The fertilizer facility in Texas that exploded earlier this year, killing 15 people, was cited yesterday by the Occupational Safety and Health Administration for 24 violations of worker safety protections and issued a proposed fine of $118,300.
In the four privately run prisons holding Mississippi inmates last year, the assault rate was three times higher on average than in state-run lockups. None was as violent as the Walnut Grove Youth Correctional Facility.
The Occupational Safety and Health Administration plans to cut more than 1.9 million hours of annual reporting requirement for business, a step the U.S. Chamber of Commerce said would have little effect on companies.