Why Would Grady Resign Now?

The New Jersey State Investment Council held their monthly meeting this morning at which Robert Grady stepped down as chairman ending his nearly five-year tenure with the $80 billion pension fund.

Why would he leave now?

 

10 responses to this post.

  1. Posted by Eric on November 19, 2014 at 3:50 pm

    John:
    I thought that the value of the fund was $30 billion as per October 18, 2014’s version of “Too Late For the Truth” with the alternative investments and the return of contributions, correct?
    Thanks,
    Eric

    Reply

  2. Posted by Eric on November 19, 2014 at 6:00 pm

    John:
    Maybe they mean MF Global ….
    Eric

    Reply

  3. Posted by Anonymous on November 19, 2014 at 7:13 pm

    The ethics investigators are closing in, maybe?

    Reply

  4. Posted by Javagold on November 19, 2014 at 7:49 pm

    Of course the same reason Ben Bernsnke split ASAP. Th be as far away as possible when TSHTF. Splat !!!

    Reply

  5. Posted by hondo on November 19, 2014 at 11:16 pm

    I wonder what TL has to say about this? Even though TL envy public sector.

    Reply

  6. Posted by Eric on November 19, 2014 at 11:52 pm

    People should be able to pass a simple grammar test prior to being allowed to post. Sentences should include verbs. Don’t you agree Tough Love?
    Eric

    Reply

  7. Posted by jan on December 4, 2014 at 8:27 pm

    Grady resigned because the expletive was about to hit the fan for the lies he and Christie posted on the pension investments. Grady left with his millions in tact, though.
    Where is the ethics investigation?

    Reply

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