May 20, 2005
Report Criticizes TIAA-CREF
TIAA-CREF executives did not act in bad faith in handling two trustees' conflicts of interest with an independent auditor last year, but the pension giant's leaders did a poor job of managing the controversy, said an independent report released this month.
The 53-page document reports the results of an investigation by Nicholas deB. Katzenbach, a former U.S. attorney general. The Teachers Insurance and Annuity Association-College Retirement Equities Fund's Board of Overseers
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