charles miller

Miller: UTIMCO up $400 million in year ending June ’08

Feb 8, 2009 By Paul Burka

Former UT regent Charles Miller provided additional information about UTIMCO’s performance as well as the payment of bonuses. As was the case with his previous comments, I am publishing his communication exactly as he wrote it. I think Zimmerman and UTIMCO made several hundred million dollars in profits ($400 million…

Charles Miller on senators’ attacks: “political motives”

Feb 7, 2009 By Paul Burka

Former UT regents’ chair Charles Miller, whose name I invoked in my discussion of the UTIMCO controversy, sent me an e-mail containing his views on the Senate Finance hearing and the issues raised therein. Mr. Miller asked that, if I chose to publish his remarks, that they appear exactly as…

The pension funds: time for oversight

Feb 7, 2009 By Paul Burka

For many years after I first started working in the Capitol, the major pension funds and endowments were limited to conservative investments such as stocks and bonds and government instruments. Then Wall Street began going crazy and the investment managers asked the Legislature for the authority to play in real…