California Assembly Speaker-Elect Pérez Has Ties To Deep Pockets
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<strong>The legislator, who has cultivated an image as a crusader for the marginalized and powerless, has also advocated for the powerful.</strong>
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Pérez worked closely with fellow union executive Sean Harrigan, who said he
had been a Pérez mentor and who in 2000 was appointed to the board of
the California Public Employees Retirement System (CalPERS), the world's largest
pension fund. Consumer groups and government watchdogs were shocked by what the union
did next: raise more than $374,000 in political contributions from
investment firms doing business with CalPERS. "That's one step short of payola," said Doug Heller of the Santa Monica-based nonprofit group Consumer Watchdog.<br />
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