Word: harrigan
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...Some say the trick is to scale back the shows and their costs. But Quilters, a genial bit of Americana, lasted only 24 performances. Some advocate looking for a beloved story, but The Three Musketeers managed only nine performances. Some call for a celebration of show biz itself, but Harrigan 'n Hart, a tribute to two founding fathers of the modern musical, barely lasted a week. Some call for presold songs, performed in low-key review style, but Leader of the Pack is struggling. And some contend the musical should reach for the opposite extreme, dealing with urgent social issues...
...gathered in Lake Tahoe, Nev., in July to take stock. One invited speaker, Richard Koppes, a former CalPERS general counsel, delivered a blunt message. "Your friends think you're unfocused and too political," Koppes said. "They say you're beginning to damage the corporate-governance movement." CalPERS president Sean Harrigan, a grocery workers' union boss and an architect of the institutional investor's bare-knuckle strategy, got a more pointed message two weeks ago from the state personnel board he represented at CalPERS: it replaced him with Republican real estate developer Ronald Alvarado...
...Harrigan and his Democratic allies blame a G.O.P. cabal backed by business interests for trying to slow CalPERS's shareholder activism. "This is payback by the big corporate special interests who fight our reform efforts and their ally Governor Schwarzenegger," asserts Democrat Phil Angelides, the state treasurer and a CalPERS board member. The Governor, state Republicans and business groups all deny conspiring to oust Harrigan. But his demise shows just how much harder Schwarzenegger's rise has made it for even the state's most powerful Democrats to throw their weight around...
...that Harrigan and CalPERS didn't open the door to criticism. During most of the post-Enron era, CalPERS was above reproach, suing to hold WorldCom executives accountable for investor losses and helping lead popular, triumphant crusades for boardroom and executive-suite overhauls at the New York Stock Exchange and Disney. But earlier this year, CalPERS moved from the spotlight to the hot seat when it withheld support from Coca-Cola director and shareholder hero Warren Buffett because Coke's independent-auditor policy was allegedly too lax. At the time, John Castellani, head of the prestigious Business Roundtable, said...
Rickman then questioned whether an air conditioner, partially blocking the view of the guard room in the photograph, would have been removed for the winter by September that year. Harrigan replied that he was not sure...