Inflated-resume claims prompt review of top CalPERS official
The nation’s largest public pension fund is reviewing its decision to hire its chief financial officer following a report on a financial news blog that suggested he embellished details in his recent work history on his résumé, CalPERS said on Friday.
“We take these questions that have arisen seriously and are reviewing them,” CalPERS spokesman Wayne Davis said.
The review follows an April 11 analysis by the blog Naked Capitalism that challenged CalPERS Chief Financial Officer Charles Asubonten’s résumé. It asserted that he exaggerated his role at a South African mining company a decade ago and that he misrepresented his work experience after his contract with the mining company expired.
Susan Webber, the founder of a management consulting firm who frequently writes about CalPERS for Naked Capitalism, said that Asubonten’s qualifications did not meet CalPERS’ job requirements.
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