Alonzo Hathaway to STRS Board: Your investment return goals encourage higher risk investments and an unbalanced portfolio

From Alonzo Hathaway, January 5, 2009
Subject: PBI

To Whom It may Concern:

I find it unacceptable that STRS continues to use my money to pay bonuses to investment associates while we are losing unprecedented amounts of money. The average bonus of $70,000 is more than I ever made as a 35 year veteran teacher with a Masters degree! Your investment return goals encourage higher risk investments and an unbalanced portfolio. Your job is to protect our retirement with steady and sure returns.

Alonzo Hathaway
Retiree