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.
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.
The U.S. Labor Department asked a court to compel Blackstone Group LP’s SeaWorld of Florida LLC to report how the marine theme park is easing hazards discovered after a trainer died in an attack by a killer whale.