Being the chief executive officer of CalPERS, California's $223 billion investment fund, is a good job. If you can get it.
The spot is open and the state is recruiting via a high-end executive-search program.
What the job requires, according to the posting, is "executive leadership responsibility for an innovative organization with a staff of 2,300 and investment funds of $223 billion."
The compensation isn't too shabby, either.
"The annual base salary rate for the position is $224,000 - $336,000 (subject to negotiation), with the opportunity to earn an annual performance award of up to 40% of base salary," reads the job description.
As if that wasn't enough "a recruitment differential may be provided when hiring executives from outside state service. A competitive benefit package is also offered."
With the fallout on Wall Street, there should be plenty of available candidates. Quality candidates could be another matter entirely.
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