BREAKING NEWS: Pension Trustees in California Call for Disclosures of Costs Associated with #METOO

 

“We don’t see how it could possibly be accretive to corporate value to have a culture that allows for sexual harassment in the workplace,” said Priya Mathur, the departing president of the $345 billion California Public Employees’ Retirement System, the largest U.S. pension fund. Companies are losing customers, paying settlements and higher insurance costs and being distracted “from their core strategies because they have to deal with this.”

Read more at Bloomberg