Calpers Aims Director List at Increasing Board Sway

The Wall Street Journal reports:

Calpers may be coming to a corporate board near you.

The $200 billion pension fund of the California Public Employees' Retirement System, the largest in the U.S. by assets, is recruiting scores of executives to have on standby, so it and others can nominate them for seats on poorly performing corporate boards of companies in which they hold shares.

Will Calpers destroy the S&P 500?