California Public Employees' Retirement System has called out companies such as Apple Inc. and The Walt Disney Co. for its boards and performance during the past two decades.
But its Focus List is not needed as much today.
Instead, the nation's largest public pension fund is taking a much
gentler and kinder approach, at least when it comes to a public
scolding.
CalPERS officials say behind
closed-door meetings with company board members and executives are
a more effective way to encourage improved
performance.
The decision ends a 20-year-old practice that always
attracted the attention of investors on main street and Wall
Street.
