Perry (TX) ousts head of pension board

[flashl]

Frederick Rowe says he was removed because he sounded alarm about troubled pension funds.

Gov. Rick Perry has removed Dallas investor Frederick "Shad" Rowe as chairman of the Texas Pension Review Board, which oversees nearly 400 public pension systems that hold $200 billion in assets.

Rowe said Monday he attributes the move to his repeated warnings about financially troubled pensions and his sharp criticism of some pension systems' investment strategies.

Allison Castle, a spokeswoman for Perry, said that the governor thinks "it is important that the leadership of boards and commissions do what is in the best interest of the state and not pursue their own personal agenda." She declined to say what the governor thought Rowe's agenda was.

"I do have an agenda: total candor," said Rowe, who is chairman of Greenbrier Partners, an investment fund in Dallas.

Statesman

[rpannier]

1. His position will be filled by a senior level employee of

Kellogg-Brown and Root (Halliburton)

[texastoast]

2. Total Candor? In the Perry regime? I think not.

No wonder he was ousted.

This should be a wake-up call for all pension administrators in Texas.

[east texas lib]

3. Goodhair has no need of the truth...

It's far too distracting.;-)