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Board approves Wendy Paskin Jordan reappointment to retirement board after ethics and divestment questions
Summary
The San Francisco Board of Supervisors unanimously approved Mayor Lee’s reappointment of Wendy Paskin Jordan to the city retirement board after supervisors questioned her prior votes on hedge funds, her investments and the board’s pace on fossil-fuel divestment.
The San Francisco Board of Supervisors voted unanimously on Jan. 7 to approve Mayor Edwin M. Lee’s reappointment of Wendy Paskin Jordan to the San Francisco retirement board, after supervisors probed past ethics complaints, her personal investments and the retirement board’s work on fossil-fuel divestment.
The vote to confirm Paskin Jordan passed 10-0. Supervisor Mark Farrell seconded a motion to approve the reappointment after several supervisors questioned her record and sought assurances about recusal practices and future leadership on divestment.
The discussion centered on three issues raised by supervisors: (1) ethics complaints that have been filed previously and investigated; (2) Paskin Jordan’s prior votes and public statements about hedge funds and separate votes to study engagement on fossil-fuel companies; and (3) whether her private-sector relationships — including a professional relationship with Northern Trust — could require recusal in future contract decisions. Supervisor David Avalos said the complaints had “swirled…
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