CA Union Pension Fund Goes After Facebook

Hubris. A female executive at the large California teacher's union pension fund (CalStRS) has sent a veiled threat to Facebook board chairman Mark Zuckerberg.

"We are disappointed that the Facebook board will not have any women members," wrote CalSTRS director Anne Sheehan. Sheehan added, "We believe that investors and the company would benefit from a larger, more diverse board." CalStRS owns pre-public shares in Facebook and plan to own common shares once the Facebook IPO pops.

Translation: Facebook will place a female on the board or lose a large shareholder. How is this different from the race hustle Jesse Jackson uses threatening civil rights lawsuits? Or when unions strike?  No different.

Why does Facebook need a female on the board? Why does Facebook not have an Asian, Black, Gay, Eskimo, Midget, Chimpanzee, Homeless man, Al Gore, Sheikh Mohammed bin Rashid Al Maktoum, Bill from shipping, or a Charlie Manson on the board? Because Mark and the other board members decided their board and their company runs fine without them.

While we are questioning things has Anne checked into CalStRS operations lately? Can you smell that smell?

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