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Friday, Apr 26, 2024

5 companies land on CalPERS’ worst-run list

The California Public Employees’ Retirement System singled out restaurant operator Cheesecake Factory Inc., home builder Standard-Pacific Corp. and three other companies for what the pension fund described as poor financial performance and corporate governance. Also cited on CalPERS’ annual “Focus List” were furniture maker La-Z-Boy Inc., medical equipment company Invacare Corp. and insurance brokerage Hilb Rogal & Hobbs Co. For the full story visit http://www.latimes.com/business/la-fi-calpers26mar26,1,1231402.story

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