and since in a senior portfolio manager of calpers california by the public employees retirement system which has almost $600 million invested simpson says calpers voted against down on the chairman's issue. he sits in the midst of a heart of a conflict of interest and boxes on paper the pension fund of loss that adolescence and says the bank's trading disaster and has provided ammunition on another issue stricter regulation. >>> in respect jimmy diamond man that everyone favor reminding us that you need to get these smart to regulating provisions on to the books sooner rather than later. after the meeting says the date may take back compensation paid to executives involved in the trading losses will do the right thing he said that may well include cloth sacks. >>> and the reason cbs news new york. he is out of jail and doing homework. and man that prosecutors called dangerous is at home tonight a judge handed him an unusual assignment kristen airs on the terms of his release that includes something you'd expect an elementary student to do. >>> it happened march 28th two men arrested ac

simpson says calpers voted against dimon on the chairman's issue. >> he's sitting in the midst of a heart of a conflict of interest. he's marking his own exam paper. >> reporter: the pension fund may have lost that battle but simpson says the bank's trading disaster has provided by ammunition on another issue-- stricter regulation. >> in that respect, jamie dimon may have done everyone a favor reminding us that we need to get these smart regulatory provisions on the books sooner rather than later. >> reporter: after the meeting, dimon said the bank may take back compensation paid to executives involved in the trading losses. we will do the right thing, he said, that may well include claw-backs. >> pelley: anthony, 40% of the people who voted today wanted to take jamie dimon's chairmanship away. what do you make of that? >> it's not a majority, scott, but it's a substantial protest vote. a similar shareholder proposal last year drew only 12%. so disenchantment with dimon's duel role has risen substantially. >> pelley: anthony, thanks very much. both the f.b.i. and the securities and exchan

i have more soup kitchens in the southeast near the calpers area. and if people do not want to pay taxes, begged. and we need to repair the 30,000 units for people to have enough senior housing as well as housing for everyone else. thank you. >> [speaking foreign language] >> @ bekker afternoon, supervisors. i am the case manager for mr. he. i represent the family services of san francisco. he suffered a stroke two years ago and is right now living in the basement of his in-laws. he is trying to find places with lower rent, but it has been difficult because people are just going to look at him because of his disability. they find it difficult to accommodate him. he is getting the support for the case manager and this is something ongoing until he finds stabilization in his life. please consider supporting the senior citizens. >> i am with the senior action network and i'm primarily concerned with affordable housing and seniors with disabilities and pedestrian safety for these people. when i moved into the herbert her tell in 1995 -- herbert hotel in

ann simpson is senior portfolio manager of calpers, the california public employment retirement system, which has almost $600 million invested in the bank. she says they voted against simon on the chairman issue. >> he's sitting in the midst of a heart of conflict of interest. >> reporter: the pension fund may have lost that battle, but simpson says the bank's trading disaster has provided ammunition on another issue, stricter regulation. >> in that respect jamie dimon may have done everyone a favor, reminding us we need to get these smart regulatory provisions on the book sooner rather than later. >> reporter: after the meeting dimon said the bank may take back compensation paid to executives involved in the trading losses. we will do the right thing, he said, which may well include claw back. anthony mason, cbs news, new york. >>> a new report says gunman george zimmerman was hurt the night he shot 17-year-old trayvon martin. according to medical reports obtained by abc news, zimmerman had a nose fracture, a pair of black eyes and cuts to the back of his head. he was reportedly treat

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we do not know how to get our calpers around this subject and it is a real challenge. -- our calipers around the subject and it is a real challenge. >> [unintelligible] regionalist but i have been doing this a lot and i have the advantage of being from the region myself. i can kind of understand some of the things. one of the things we have not come to terms with is the collapse of the soviet union has changed the world. in the old days, when you had an absolutely dominant paradigm, you could have even during the cold war, i remember one of the books i read as a graduate student in england. it was called "nations in alliance." the great powers generally what alliances to achieve their broad game -- gain. the local stes

joe deer is a xheef investment officer for calpers.ng from las vegas as well. thanks for being with us. >> hey, carl. >> sounds like the disparity of opinion out there at this conference. it's interesting. you're responsible for all kinds of asset allocation, equities, mortgage backed securities, commodities, hedge funds. what you're thinking as we work our way into a volatile summer? >> it's not looking good for the short term. it's not a surprise. who thought the european would solve the problem when they did the rto last december when greece was going to be solved. it's a kicking the can issue or rolling the snowball further down the hill. troubles in the middle east, troubles in china. carl, i don't think it's a bright environment in the near term. i would try to keep a tempered realism about what we can do. the response about what to do is why i'm here at a conference on hedge funds, which is are there alternative approach toes might serve our portfolio better. >> first, let me ask you this. given what you just said about the shor

we do not know how to get our calpers around this subject and it is a real challenge. -- our calipers around the subject and it is a real challenge. >> [unintelligible] -- bold enough to just such as the methodology of somehow looking at this. i do not -- i have been doing this a lot. doing this a lot and i have the advantage of being from the region myself. i can kind of understand some of the things. one of the things we have not come to terms with is the collapse of the soviet union has changed the world. in the old days, when you had an absolutely dominant paradigm, you could have even during the cold war, i remember one of the books i read as a graduate student in england. it was called "nations in alliance." one of the things is that the great powers generally what alliances to achieve their broad game -- gain. the local states what alliances to help them in their local little games. this is a symmetry that exists -- asymmetry that exists between that great power and the local powers, has become much more pronounced and strengthened. since the collapse of the the soviet union. i

thursday's decision is in response to a lawsuit filed against calpers by same-sex couples refusing to>>> the uss iowa will begin the final trek to southern california on saturday. it was supposed to leave last weekend but was delayed because of bad weather. it's scheduled to leave at 11:00 tomorrow morning and expected to pass under the golden gate bridge by 3:00 in the afternoon. when "iowa" gets to los angeles, it'll be transformed into a naval museum. >> interesting stuff there. 5:45 right now, let's get the full forecast. christina loren talking about friday and a long holiday weekend ahead of us. >> yeah. that's a spectacular ship. i don't know if you've had a chance to see it. you still have an opportunity to. it's going to leave tomorrow. and you know, we've got a lot happening here. over the course of memorial day weekend, as you may know, it's the unofficial kickoff to summer. we've had a lot of congratulations happening in addition to the celebration of this beauty. the golden gate bridge, 75 years as of this sunday. as you can see right now, we are starting to cloud up quit

the proxy or to put their efforts elsewhere like the legal action that california's pension fund calpers is taking against walmart because of allegations the retailer's success in mexico has been built on bribes. say on pay still garners attention saz it did at citigroup this year. the bank one of 12 firms so far where investors have voted down compensation plans. a high-profile vote. but the number of no votes this year running very close to where they were last year during the proxy season. this according to i.s.s. but in a sign of a slight increase maybe and investor concerns about pay or performance the average percent of no votes on pay ticking up to 29% at s&p companies this year. s&p 500 companies this year. that's up from 25% last year. ty, over to you. >> all right, mary, thank you very much. so are we seeing that shareholder spring? let's get the ideas of dennis berman of the "wall street journal." dennis, welcome. good as always to see you. >> hey, tyler, good to see you. >> are we this n. spring here or are we in summer? these things have picked up now it seems but are they h

calpers county, the eastern shore. 82 is the high temperature for today with gradually dropping humidityd applause ] >>> what a fantastic crowd here in times square. everybody cheering. i think they heard a little about brad paisley. before we came on air. watch out for the dinosaurs to be coming. welcome to "gma." > >> just in a couple days, brad paisley will be in central park. we can't wait for that. what do you want to ask brad? go to the "gma" app on your smartphone. or head to our facebook page to vote. and be sure to tune in on friday. >> do you think brad paisley has a go-to karaoke song? >> what's yours again? >> "my girl." >> very nice. see? you learn. >>> we also have had a lot of stars here on the program. but as george mentioned, this guy or gal may be the first. one of the biggest in real-life jurassic park. i may say you need to see it to believe it. but you're seeing it. do you believe it? that's the dinosaur, everybody. >>> just when you've seen everything -- remember how i said on twitter how you think life is going to surprise you today. this is one way. >>> and if you

morgan, where the shareholder meeting is being held, and you'll have a lot of big organizations like calpersr askme, the big late -- state and local municipal funds, they invest in j.p. morgan, they just lost 12 percent of their money. bill: that's a fair point. let me get back to the politics of regulation, but taxpayers are not on the hook, right? if you own stock in the company, that's just the risk you take, right? that's how the system works. >> 100 percent, but the question becomes what if this were worse and is j.p. morgan too big to fail. so now what the shareholders are probably going to push forbes and they may not get by the way is to separate the duties of chairman and ceo. jamie dimon has both of those right now. if they separate them they feel maybe the chairman will have a folk ug \dollars/{^ed} oversight on the risks this bank takes, but again this, at -- this at a time when they're discussing that volcker rule as part of the regulation. bill: that's the point about the politics, and for those who want to make more regulations in america, this is a ripe story for them. >> ver

>> for calpers and calsters, they take the money in and make the payments out. how much we're going to put in. so, if there's a low -- >> if there's a shortfall, they bring down the number to something realistic, 5%, you have to write a check. >> our city -- >> we have to go, but quickly, one thing i wanted to say, i get a lot of e-mails. people say when you retire, it's wonderful firemen, policemen and teachers, retirement and pension is supposed to be an add-on to help you get along. >> right. >> it's not supposed to send you to the cayman islands for vacation. i think we've gotten carried away. >> the point is you don't want to kick them to the alley, but not to the beach. >> we want to take care of them, but not at the expense of leaving only 30% of your budget for everything else! >> correct, correct. >> back to you. >> thank you very much, rick santelli in chicago. bob pisani's on the floor of the nyse. looking at this ism, talk about a macro short squeeze today. >> it's wrong and it doesn't usually happen that way, but the street was positioned short beca